{"id":331,"date":"2014-10-20T21:41:00","date_gmt":"2014-10-20T21:41:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=331"},"modified":"2014-10-20T21:41:00","modified_gmt":"2014-10-20T21:41:00","slug":"the-tragedy-of-nato-economic-problems-embedded-in-collective-security-agreements-ludwig-von-mises-institute-canada","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=331","title":{"rendered":"The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements – Ludwig von Mises Institute Canada"},"content":{"rendered":"

The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements – Ludwig von Mises Institute Canada<\/a>.<\/p>\n

The economic phenomenon known as the \u201cTragedy of the Commons\u201d instructs us that commonly held resources that are insufficiently protected will be plundered to extinction. The phenomenon was recognized in the early nineteenth century to explain why the commons in England quickly came to be denuded by sheep. All sheepherders had an equal right to graze sheep on the commons. There often was no agreement as to how many sheep each could graze, so it was sheer rational self-interest for each to graze as many sheep on the common ground as possible. In short order the commons came to be overgrazed. What later came to be called \u201cthe tragedy of the commons\u201d was a simple and imminently understandable explanation.<\/p>\n

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Is security an economic resource?<\/strong><\/p>\n

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One can easily accept that grassland is an economic resource that must be protected, but what about security and, if security is held collectively, can collective security agreements also be vulnerable to the tragedy of the commons? Security is a service that usually requires economic resources. We secure our personal possessions when we take precautions such as padlocking our bicycles, locking our car doors and the house, buying monitored security systems, purchasing heavy safes, and the like. These are all economic goods to secure our personal property. But what about protecting our physical selves? It is on a somewhat different plane but the purpose is the same. We may carry concealed weapons, take personal self-defense courses, or hire personal body guards. All these things require the expenditure of time and money to acquire economic goods to make us more secure.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements – Ludwig von Mises Institute Canada. The economic phenomenon known as the \u201cTragedy of the Commons\u201d instructs us that commonly held resources that are insufficiently protected will be plundered to extinction. The phenomenon was recognized in the early nineteenth century to explain why the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[243,244,553,712,807],"class_list":["post-331","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-economic-security","tag-economics-2","tag-nato","tag-security","tag-tragedy-of-the-commons"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=331"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/331\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}