Do you think that "hunting" will help to slow down or stop deforestation? Will it reverse the redistribution of wealth away from the poor to the super-rich? Is it checking the growing power of multinationals? Is it helping solve the housing crisis in Britain? How is it doing with overhunting and overfishing? Will it help check global warming?
Elinor Ostrom thinks so (with regards to the environmental stuff). Her 8 principles for managing the commons below
8 Principles for Managing a Commons
1. Define clear group boundaries.
2. Match rules governing use of common goods to local needs and conditions.
3. Ensure that those affected by the rules can participate in modifying the rules.
4. Make sure the rule-making rights of community members are respected by outside authorities.
5. Develop a system, carried out by community members, for monitoring members’ behavior.
6. Use graduated sanctions for rule violators.
7. Provide accessible, low-cost means for dispute resolution.
8. Build responsibility for governing the common resource in nested tiers from the lowest level up to the entire interconnected system.