Tuesday, October 13, 2009

The Tragedy of Privatization

Two excellent articles on economics affecting privatization of resources below are worthy of a careful read and further research by all of us who mouth support for freedom, fisheries, and future.


From Wikipedia:
"The Royal Swedish Academy of Sciences said Ostrom's 'research brough this topic from the fringe to the forefront of scientific attention,' "by showing how common resources-forests, FISHERIES, oil fields, or grazing lands, can be managed successfully by the people who use them, rather than by governments or private companies." Ostrom's work in this regard, challenged conventional wisdom, showing that common resources can be successfully managed without privatization or government regulation."


"Conservatives used the tragedy of the commons to argue for property rights, and efficiency was achieved as people were thrown off the commons," said Joseph E. Stiglitz of Columbia University, a Nobel laureate in economics himself. "But the effects of throwing a lot of people out of their livelihood were enormous. What Ostrom has demonstrated is the existence of social control mechanisms that regulate the use of commons without having to resort to property rights."

Right now the NPFMC is moving full steam ahead to privatize the remaining fisheries in the North Pacific Ocean, under pressure of the draggers, some larger fixed gear entities, and the processors. Perhaps, just perhaps, if we could get Lubchenko and the new NMFS chief to stop the steam roller for a moment and see that by throwing our fisheries to the big corporate interests is not in the best interest of the people of the State of Alaska, or the health of the Ocean herself, they might rethink the management options. Little hope remains that the NPFMC will do anything unless their feet are put in fire. Anyone have a match?

Keep yer flippers wet.

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