Hermes SolenzolApr 14, 20233 minPoliticsBasic Problems of Capitalism — The Tragedy of the CommonsTragedy of the commons is when corporations exploit a common resource, leading to its depletion.
Hermes SolenzolApr 5, 20235 minPoliticsBasic Problems of Capitalism — Perverse IncentivesPerverse incentives cause corporations to act against the good of society, which cannot be corrected by the market forces of capitalism.