The marginalization, polarization etc. Most of these problems facing

primary objective of this paper is to explore and find an answer to the
question of whether the commons is the most optimal property arrangement to
protect scarce resources and make underused resources available for use and
innovation. It will analyze the common property regime whether it can
potentially be used as the optimal property model or not.  Central to this discussion is the term ‘optimal’
because it will serve as the baseline and focal point for analyzing the commons
as a property arrangement vis-à-vis other forms property arrangements in the
context stated above. For the purposes and scope of this essay the term
‘optimal’ would be conceptualized as the equitable distribution of, and access
to resources. Here optimality of a property regime would be assessed on the
potentiality and ability of such property regime to provide and support a
broader participation of people in terms of access and distribution of

Hardin’s infamous article “The Tragedy of the Commons” in 1968 has tremendously
impacted global thinking on how resources should be managed and exploited.  It has greatly informed the rationale behind
policy formulations and development guideline in most countries thereby
initiating policies to prioritize private or state control over resources
rather than leaving them open for the community to use. The article has enjoyed
considerable influence on resource policy framework around the globe. The
international community and influential global institutions such as the World
Bank, International Monetary Fund (IMF) etc. have favoured and supported privatization as the best resource regime to
accelerate global economic growth and development. These institutions have
initiated and developed policies around this model to better the lives of
inhabitants on the planet. Despite the efforts made by these powerful
institutions over years to achieve and sustain economic growth and development
around the globe, many communities in the world especially developing countries
are still faced with serious predicaments such as poverty, hunger,
malnutrition, diseases, illiteracy, marginalization, polarization etc. Most of
these problems facing the world are directly or indirectly rooted in the
inequitable distribution and access to basic resources. If the world is still
faced with these challenges despite the supposed prospects of private property
arrangement, then one emphatically say that the regime has failed dramatically
or it has not yielded the expected results. Hence there is a great need to find
a more comprehensive and pragmatic policy framework which will find a better
solution to the problem of inequity in the distribution and access to most
basic resources. It is for this reason that, there is a need to understand the
role property regimes play in distribution and access to resources and how the
dominant forms of property arrangement have been principally unsympathetic and
in many cases catalysts for aggravating the problem of inequity in the
distribution and access to basic resources. Revelations from recent studies
according to Tucker shows that common property can provide greater benefits to
the rural poor that it can provide, especially by ensuring equitable access to
basic resources (Tucker, 1999).  An
effort would be made in this essay to argue that the commons is the most
optimal mode of property arrangement as it has the ability to provide pragmatic
solutions for reducing the problem of inequity in the distribution of and
access to basic resources in societies.

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