All tagged Tragedy of the Commons
Far be it for me to predict what will happen in 2016 in terms of GDP growth, the Ringgit, exports growth and so on - it would perhaps be better for me to opine on how we can continue to play our part to grow our ‘commons’ amidst very challenging times.
Even pure, free market competition, sans oligopolies and monopolies, may lead to sub optimal outcomes from the perspective of the collective.
there is a lack of faith in official statistics. A question to ask is therefore what is really at stake from society's perspective when official statistics are believed to be fallacious?