Posted tagged ‘Time to Start Drinking Heavily’

Conservatives are always wrong: Death of the Oceans edition

June 1, 2010

As part of my attempt to return to blogging after a case of end-of-semesteritis combined with some grims magnified by sad family news, here’s the first of what I hope will be some resurrections of posts begun but not completed during the last month or so that might (he fondly hopes) retain some relevance.

To begin:

Some while back, as in before BP et al. wreaked havoc on the Gulf, Andrew Sullivan flagged this TED talk by Jeremy Jackson.

In it, Jackson covers some, but by no means all of the disasters wrought by last fifty years spent demonstrating the tragedy of commons on the world’s oceans. The BP/Global Horizon catastrophe is signal in the size of the single incident, but, as Jackson begins to convey, is itself dwarfed by the accumulation of thousands, then millions of much smaller bad decisions.

The key point that emerges from Jackson’s talk as much as it does from the more spectacular market failure evident in the Gulf of Mexico tragedy, is that self correcting invisible hands do not work their magic on a resource in which the logic of the commons leads to uncontained exploitation of a resource.So watch the talk — it’s worth the full twenty minutes or so.

Full disclosure: it will ruin your day, the more so when you realize that every word was spoken before we ever heard the terms “top kill” or “junk shot.”

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