Tim Worstall

It is all obvious or trivial except…

 

 

Well, D’oh!

September 11th, 2008 · 2 Comments

The biggest current threat to marine life is not climate change but over fishing and mankind’s demand for water, experts have warned.

Of course overfishing is a problem. Because everyone (including those running the CFP) fails to understand the basics of the underlying logic. It’s a Commons Problem. Thus access must be limited and we have to stop people being able to lift fish on a first come first served basis.

No, quotas do not stop that.

One interesting point to note. There are a couple of fisheries which are privately owned. Studying them leads to the conclusion that the most profitable level of fish is one that is well above a sustainable population. Thus the incentive of those who own fisheries is sufficient on and of itself to maintain them.

 

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Tags: Environmentalism

2 responses so far ↓

  • 1 Letters From A Tory // Sep 11, 2008 at 9:28 am

    Overfishing is certainly an economically self-defeating behaviours, and one wonders what will happen 20 years down the line when all the fish have gone and the fisheries industry collapses. Extra EU subsidies perhaps?

    http://lettersfromatory.wordpress.com

  • 2 Tim Newman // Sep 11, 2008 at 3:02 pm

    Marine life damaged by mankind’s demand for water? Sounds like shite to me.

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