"The Tragedy of the Commons".... I think this is what is happening in steemit. The tragedy of commons in steemit. As people try to maximize their personal gain from the open shared resources without considering the consequences of those actions, these resulted to a conflicting interest. Independent people acting in their own self-motivated interest , selfishness, etc. behaving in contrary to the common good and such actions resulted to the depletion and spoilage of the said resources.
Just like the tragedy of the commons. People are spoiling the shared resources of steemit for personal interest that is contrary to the common good of all users. To avoid this tragedy, rules and regulations, and control mechanisms are imposed by the government for the welfare of the common people.
Maybe I should write an article about this. What say you?