Question

A website offered free streaming and downloading of movies, games, and music. It was eventually shut down by the courts. Websites like these demonstrate that the pursuit of self-interest can lead to a(n) _______, a collective disaster when one or more people start to profit from being unethical because this encourages other people to act in the same way.

Answer 1

Answer: Tragedy of the commons

Explanation: Tragedy of the commons could simply be explained as the potential destruction or abuse of a communal resource which belongs to not one but group of people or a community due to unrestricted or unregulated access afforded to all members. The destruction or damage done is usually due to the self interest of members who are only guided by their own personal pursuit giving little or no regard to shared instruments, products, infrastructures or resources. In other to guard against 'tragedy of the commons' regulations and restrictions should be made to shield or protect shared resources.