Fishing in Chile it was going to “promote the sustainability of fishing resources,” but, upon examination, this is not the case. “The government’s motive is to reinforce the economic model in place; there is a political interest in making fishery resources belong to someone,” says Cosme Caracciolo, an artisanal fisherman and a member of the National Council for the Defense of Artisanal Fishing (CONDEPP). “Under this fisheries law, 20-year renewable concessions have been awarded, creating ownership over fish that have not yet been born. It’s absurd! It’s applying capitalism to living resources”. “They now want to increase the quota for jack mackerel, which
Individual fishing quota value of the crab, meaning that the active fishermen only retain 20% of the revenue, much of which is needed to cover costs. In some fisheries, the majority of quota is leased to active fishermen, often by individuals who do not physically participate in the fishery, but have been able to acquire shares. This makes quota acquisition even less likely for active fishermen, results in diversion of wealth away from fishing communities and into the hands of private investors, and can cause major financial strain on fishermen along with the economic contraction of fishing communities. The transition to IFQ management