Actually, that is incorrect. The drama of the commons is a well-known economic problem in which people end up not respecting nature, and abuse it more than when it is:
A/ one's own property, or
B/ regulated by society in such a manner that abuse is prevented.
This is my last reply, Hershey. Your level of reasoning is mainly about large concepts and that is not where I want to spent my time. I do not want to discuss whether basketball is good or bad.
I am not above you, but I see you placing your thoughts at that large-concept level and it is simply not all that interesting or helpful.