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The former. That isn't what happened to the commons. The essays that established it as a concept were flying in the face of the actual historical evidence of how humans behaved and trying to justify greed as the basis for economic systems because "people are naturally greedy". Basically an early version of Thatcher's "There is no such thing as society".
itsbruce
SwissChap
No with respect to the original commons you mean? Because as a principle / concept, the 'tragedy of the commons' definitely holds, even if something else was needed to make the situation arise in the first place.