By any reasonable measure the European Union’s Common Fisheries Policy, the sickly sibling of its ailing Common Agricultural Policy, has failed. Created in 1971 to increase productivity, promote technical progress, open up access for European fishermen to all Community fishing grounds and "promote a fair standard of living" for fisherman, the CFP has netted the opposite result: Too many fishermen chase too few fish, fishing villages are as poor as inner-city slums, and competition from overseas markets is increasing due to technological advances in fish storage and shipping.
A chapter from Political Environmentalism: Going behind the Green Curtain, a collection of essays edited by Terry Anderson exploring the ways in which politics and environmentalism mix to produce perverse results. In this chapter, Elizabeth Brubaker documents the ways in which politicians, pursuing their short-term interest in putting voters to work, subsidized the expansion of the cod fishery and set catch levels exceeding those recommended by their own scientists.
f the landlubbers in the reading audience will indulge me for another column, I will elaborate a bit further on conserving fish stocks through privatizing marine fish quotas. The primary mechanism for this is assigning individual transferable quotas (ITQs). We only have to look at Canadian experience with ITQs to know it will not work.