In modern countries the concept of "National Parks" is the beginning of a new awareness of Common property. It does require a somewhat democratic country for the people to feel that it is their common, or public, property. It is also in those countries where unrestrained population growth decreases. It can only be trusted to those politicians who can be fired through the democratic process.
The tragedy of Commons happened because it was set up for commercial use, which always leads to abuse. There are state parks in the US which allow commercial use, and the people are trying to stop that now. If the people of the Earth could see their planet as common property, not a corporate resource, then the same tragedy could be averted.
Short answer=Yes.