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ATinNM:
The underlying premise is the rich and/or well-funded aren't greedy or stupid -- total nonsense, of course.

Indeed.

Assuming the rich are greedy and stupid, how can policy be modified in a useful direction?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jan 18th, 2008 at 11:07:56 AM EST
[ Parent ]
The rich and greedy are a part of the problem in the sense that large scale fish mining tends to be more damaging than small scale fishing. But I'd like to point out a few things:

  • There is a lot of demand for fish. Unlike the demand for bullshit consumer products, I don't think this demand is really to any signficant extent created by industry. There simply is a lot of demand for fish because there are many people, and many people who like fish.
  • For most purposes, fish in the sea and ocean are an open access common pool resource. What we see happening in the sea is simply a tragedy of the commons, played out on a large scale. But it's something that has happened throughout human history.
  • Restricting access to this resource will directly drive up the price, and thus increase the incentive to break the rules. This means enforcement is a central problem for any solution.
  • The best solutions for common pool resource problems are communal: giving the local community a stake in and a means to protect a resource. However, it's difficult to see how that could work on the open sea!
by nanne (zwaerdenmaecker@gmail.com) on Fri Jan 18th, 2008 at 12:13:36 PM EST
[ Parent ]

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