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Psssst, not all fisheries are based upon capitalism. Most ocean fishing fleets are boats from socialist or communist nations with heavy industry subsidies and little or no market competition back home. While 'thinkers' such as yourself pontificate about free markets, supply and demand, etc. foreigners are drift-netting everything from seaweed and shrimp upwards packing it into generic 'fish meal' products and delivering it to their national economies under government subsidy. In the U.S. the effect of this is dwindling fish and increasing prices as the 20 yr.+ democrat-controlled marine fisheries board hands out fishing permits and exemptions to foreign fleets.

Oh, and btw, higher prices only encourage fishing because the subsidized fisheries can turn around and sell the fish to Americans and other "free enterprise" bafoons for great profit.

I grew up on an island in the North Atlantic and was ocean fishing at age 5. I owned a boat before a car. I've seen the collapse of innumerable North Atlantic fisheries and it always seems to be due to the same causes. Greed, corrupt politicians and the ignorant sycophants who defend each.

Let me ask you, when the cod goes extint and the last fillet is sold at Christies will the price then be right to preserve the fish? Do you know what a fish school is? Do you know why they school? Do you know what purpose it serves for their survival?

In a few weeks I'm moving to Portland, OR, an area with heavily-managed fisheries. From what I've read it should be the best fishing of my life.

The article is correct but too late. It's either regulation or the U.S. Navy sinking every fishing vessel in the Atlantic for the next 40 years. I've seen the alternative and it's called extinction. There are people on this planet who will eat seaweed and anything else from the ocean. I guess it's o.k. with you to let them strip our oceans like a bunch of locusts.