'Only 50 years left' for sea fish

[lord of the mark]

mandatory capitalist explanation.

The problem with fish in the sea, is that no one owns them. Ergo, no one has an incentive to conserve them, and the scarcer they are, the more incentive to rape the oceans for them (until the costs get SO high as to make it impossible, but that may be too depending on population biology) In that way it is unlike oil, or many other resources (though it IS like environmental issues like clean air, CO2, etc)

See "The Tragedy of the Commons"

[KrazyHorse]

The problem with fish in the sea, is that no one owns them. Ergo, no one has an incentive to conserve them, and the scarcer they are, the more incentive to rape the oceans for them (until the costs get SO high as to make it impossible, but that may be too depending on population biology) In that way it is unlike oil, or many other resources (though it IS like environmental issues like clean air, CO2, etc)

Exactly.

[KrazyHorse]

When LOTM and I agree on something it usually means we're right. Now we need to get AS and TCO in here agreeing with us too and things will be airtight.

[LordShiva]

Originally posted by lord of the mark
The problem with fish in the sea, is that no one owns them. Ergo, no one has an incentive to conserve them, and the scarcer they are, the more incentive to rape the oceans for them (until the costs get SO high as to make it impossible, but that may be too depending on population biology) In that way it is unlike oil, or many other resources (though it IS like environmental issues like clean air, CO2, etc)

QFT. In this case, marginal cost doesn't factor in the marginal social cost, and so production will continue even if it's detrimental to society.

Private property

[Chemical Ollie]

I had better catch as much fish as possible before they are extinct, then

[Heresson]

evil man