Tragedy Of The Commodity Summary

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Analysis of The Tragedy of the Commodity: The Overexploitation of the Mediterranean Bluefin Tuna Fishery

In the context of deteriorating bluefin tuna stocks, Stefano B. Longo and Rebeca Clausen successfully critique the classic theory of the tragedy of the commons by ecologist Garett Hardin, in their article “The Tragedy of the Commodity: The Overexploitation of the Mediterranean Bluefin Tuna Fishery”. 
Hardin’s theory was widely accepted as a model for the overfishing of bluefin tuna, however, Longo and Clausen observe here that the tragedy of the commons is overly simplistic. The authors dive deeper beyond Hardin’s shallow explanations to demonstrate that it is the commodification of our ocean’s resources, instead of self-interested users exploiting a common resource, that leads to overfishing and the depletion of fisheries. To illustrate their argument, Longo and Clausen feature a case study - The ten …show more content…

Frequently applied to aquaculture, the historical consensus has long been that the depletion of bluefin stock is a prime example of the tragedy of the commons2. The authors explain that the theory is based on the notion that “land, or other natural resources are common property, and as such, without a governing body, will be degraded due to competing individual self interest of the users”. 3 Longo and Clausen search to argue that “Marx’s explanation of capitalist private property, commodity production, and the general formula for capital provided powerful theoretical guides...that have driven the overexploitation of fisheries in the recent past”.4 They demonstrate that the increase in productivity through the rise of technological advances drives the economy towards accumulating surplus-value that transforms nature into a commodity that can more easily serve the needs of human capital

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