👉 The Tragedy Fluid, also known as the "Tragedy of the Commons," is a concept that illustrates how shared resources can lead to their depletion or degradation when individuals act in their own self-interest without regard for the collective good. Coined by Garrett Hardin, it describes a situation where, because no one owns or controls the resource, individuals overuse it for personal gain, ultimately leading to its ruin. This phenomenon is evident in various contexts, from overfishing and deforestation to pollution and public goods, where the collective interest is at odds with individual actions, resulting in a tragic outcome for everyone involved.
