From ENN: "EU fishing policy not working"
Uncertian property rights lead to a "race to fish", excess fleet capacity and diminished stocks.
A system of transferrable quotas might be the answer... wow, who would've thought it?
Why is it taking so long for everyone to figure this out?
1. Make hard choices now that will upset some current fishers, but allow society to enjoy fish forever
2. Follow business as usual so that fishers are not upset in the short term; destroy fisheries in the long term