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 increased productivity, reduced waste, and higher revenues for fishermen. More than a dozen other U.S. fisheries are now managed by catch shares. Fishery managers say that in Alaska, where catch shares have been in place for several years, fishermen are now achieving higher prices for their catch. IFQs are usually initiated through the de facto privatisation of an otherwise public resource: the fisheries. Initial recipients of quota receive windfall profits through the gifting of share ownership, while all future entrants are forced to purchase or lease the right harvest fish. Many have questioned both the ethical and economic repercussions of