alt Hacker News>They're just not making the basic connection between supply and demand.
They don't like my beds. There's something wrong with them! I can't be the problem! -Procrustes
Yes. It's the people's fault for not understanding markets. Couldn't be that markets are fundamentally structurally fucked by an inversion of the demo pyramid. Couldn't be that market participants are just delusional about how much other actors should have extracted from them.
The tragedy of the commons is a real thing. People focus on their own personal short term economic gain at the expense of long term sustainability and gain - even for themselves - because people in general find that longer term outlook difficult to reason about.
Democracy is the worst form of government, except for all the others we've tried. This short term thinking is one of its classic failures, because in many ways you're codifying the tragedy of the commons.