ON Japanese Green Policy

A gorgeous tuna, which has miraculously evaded fishermen and managed to grow to 269kg, has finally been caught and just sold for 573,000 Euros to a Japanese restaurant – about half the price of gold. It will be eaten in 10,000 portions by (presumably quiet wealthy) Japanese Sushi lovers.

On-green-policy. Such prices are the result of dysfunctional environmental policies, strikingly failing to limit fish catches to sustainable limits. Without regulations, the tragedy of the commons fully applies, fishermen hurry to empty the oceans before others can, fish prices are skyrocketing and fish stocks and long-term perspectives for the fishing industry are vanishing. It must be obvious to even the staunchest Libertarian than the free market triggers some rather disastrous results. Politicians urgently need to set aside some super short-term interests and strictly regulate catches according to scientific insight, so that fish stocks can recover.

Source: The Guardian