CDR: Re: Insurance (was: why should it be trusted?)

[R. A. Hettinga]

At 9:11 PM -0500 on 10/18/00, Neil Johnson wrote:


> How does crypto-anarchy/libertarian/anarchy propose to deal with the
> "tragedy of the commons" where by doing what is best for each persons own
> interests they end up screwing it up for everyone (Overgrazing land with to
> many cattle is the example I've been given).

The tragedy of the commons is that nobody owns it.

:-).

Cheers,
RAH
-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'