Saturday, December 12, 2015

Capitalism and Fisheries

A loan is by proper definition ethically always a charitable event.  In capitalism, a loan is a business deal, and no definition of capitalism excludes the loan at usury under its ethical claims.  Capitalism could not exist without the loan at usury as its central feature.  Only the free market obviates the loan at usury.

Example 9,384,701,283 of how capitalism destroys peace and prosperity is the harm done to fisheries.

Two core problems have emerged. The first is that governments who can afford to do so lavish subsidies on their fisheries sectors. This leads to overcapacity and overfishing. Experts estimate that some 60 per cent of existing stocks are overexploited. That means they risk depletion and eventual extinction.
The second problem has come to be referred to as illegal, unreported and unregulated (IUU) fishing. This blight hits poor countries that lack effective means to protect their seas (in some cases fresh waters) and the livelihoods that depend on them.

Well, subsidies, contra-market hegemon intervention, is only possible by the capitalist process of lending credit at usury, privatizing the profits and socializing the losses.  The first paragraph is a result of this.

The second paragraph, example 9,384,701,284 of how capitalism destroys peace and prosperity, is a a follow on effect.  After subsidizing the chosen winners, the WTO steps in and outlaws a people from fishing where they had for thousands of years peacefully and prosperously in a free market before the capitalists showed up.

Now, I don't say overthrow the capitalists, any more than I say overthrow the Casino operators.  Just make usury (interest bearing contracts) unenforceable in law.  Usury will wither away, except among the delusional, who deserve what the get.  Like at a casino.

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