The Tragedy of the the Commons is a stupid theoretical exercise that only happens under highly unrealistic scenarios. Elinor Ostrom won the Nobel Prize in Economics for her research which provided clear empirical evidence that common shared resources could be sustainably managed, provided that the all stakeholders involved are given input in how resources are developed and shared. In particular, her research cautions against any one size fits all approach, and instead advocates for ground up, grass roots approaches.
Her study of and subsequent evidence that use and sustainable management of resources by groups of people such as unions, cooperatives, and trusts can be rational and prevent depletion are clear arguments against individualistic Capitalism where one entity has undue power and can result in ruin.
Elinor Ostrom - Wikipedia - https://en.m.wikipedia.org/wiki/Elinor_Ostrom