This is a most important example, and a number of broader implications might be
drawn from it. First, the ‘‘tragedy of the commons’’ is indicative of a more general
disparity between the need for and supply of effective institutions and mechanisms of
global public policy. For whilst it is easy to point to genuinely global problems
requiring for their resolution coordinated global responses, it is far more difficult to
find examples of the latter. Second, whilst the proliferation of genuinely global
political problems does point to the incapacity of a system of sovereign states
(capable of exercising veto power) to deal with the challenges it now faces, it does
not indicate any particular incapacity of domestic public policy to deal with the
problems and issues it has always dealt with. This is, then, less a story of a loss of
capacity than of the proliferation of issues which domestic policy makers have never
had the capacity to deal with. Finally and rather perversely, the disparity between the
need for and supply of global solutions to global problems is merely exacerbated by
economic globalization. For this has served to drive states, at pain of economic crisis,
to elevate considerations of competitiveness over all other concerns, including
environmental protection. There is a clear and obvious danger that the narrow
pursuit of short-term economic advantage will come at the long-term price of a
looming environmental, economic, and political catastrophe.