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You would think this to be shortsightedness or outright stupidity... Until you realize, that depleting your fish stock quickly and putting the resulting wealth
by lrem 7y ago
You would think this to be shortsightedness or outright stupidity... Until you realize, that depleting your fish stock quickly and putting the resulting wealth into the stock market will yield higher total wealth than fishing sustainably. While small time fishermen in question might not be thinking in these terms, these conclusions do get reflected into their reality. E.g. via observing what does the corporate fishing do.
- mathieubordere 7y agoThat's under the assumption that the economy continues to function normally with a completely destroyed marine ecosystem.
- lrem 7y agoAnd the kicker: even if economy goes bonkers, by depleting the seas and causing the crisis you've put yourself in position where you're the one buying all these deeply discounted properties.
- deleted 7y ago[deleted]