Interesting article, I didn't know that "tragedy of the commons" was used to argue in favor of private ownership, rather I always thought it was used to demonstrate the need for some amount of regulations for things that cannot be meaningfully privatized (the quality of the air we breathe, the water we drink, the streets we use etc...). So pretty much the opposite of what the original author argued for apparently. It…
Private ownership and regulation are just different solutions to that same problem. So you can have a regulated amount of grazing (where in theory scientists decide what level the land can sustain), or you can privatize the land and force the grazer to absorb the loss in land value from his activities, thus internalizing the externality.
That out of the way, I don’t think the article is correct. History is replete with societies whose self-regulation mechanisms failed and resulted in environmental disaster.