The Tragedy of the Commons: How Plastic Pollution is Threatening Our Oceans

The video discusses the severe impact of plastic pollution on oceans, highlighting the concept of the tragedy of the commons, where individual actions harm shared resources. It explores solutions like social norms, privatization, and state regulations to address such issues. The video suggests a combination of these solutions to tackle complex problems like ocean plastic pollution, emphasizing awareness, producer responsibility, and international agreements.

What is the predicted outcome if ocean pollution continues at the current rate?

• The oceans will become freshwater bodies.

• The oceans will become completely devoid of life.

• All marine species will become extinct.

• There will be more plastic than fish in the oceans.

Who originally proposed the theory of the 'tragedy of the commons'?

• John Maynard Keynes

• David Ricardo

• Adam Smith

• William Forster Lloyd

What is one example of a social norm solution to the tragedy of the commons?

• Implementing pollution taxes

• Establishing fishing quotas

• Creating complex social norms among farmers

• Privatizing common lands

How does privatization help address the tragedy of the commons?

• By eliminating the need for regulations

• By giving owners an incentive to sustain resources

• By making resources available to everyone

• By increasing the amount of shared resources

What is a potential benefit of state regulations in managing common resources?

• They can limit access and protect resources.

• They allow unlimited access to resources.

• They eliminate the need for social norms.

• They reduce the cost of resource exploitation.