From Mercatus Center <[email protected]>
Subject This Week at Mercatus | We're Hurting Our Oceans Through Overfishing
Date June 10, 2023 2:01 PM
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We&rsquo;re Hurting Our Oceans Through Overfishing&mdash;and Government Subsidies Are Paying for It
Christine McDaniel & Michael Puttre

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lobal fishing is in trouble. The sheer volume of fish we are taking from our oceans through fishing is reducing the ability of wild populations to replace their numbers. Adding insult to injury, governments around the world are subsidizing these harmful overfishing practices.


If you were to distill the problem down to its most problematic core, you would find government subsidies in one form or another. Barring subsidies would be a key step toward keeping our oceans stocked and healthy for the next generation. This is a commonly accepted proposition&mdash;and it&rsquo;s why so many eyes are on the WTO, which has been attempting to tackle fishing subsidies for more than 20 years.

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