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Despite declining catches, New England fisherman continue to receive state and federal tax incentives that encourage them - in some cases all but compel them - to acquire bigger boats and to harvest the seas more intensively. Today the fisherman of Massachusetts are reduced to fishing the hideous hagfish, for which there is a slight market in the Far East, but even their numbers are now falling.

Bill Bryson#48

EconomicsEnvironmentOceanPolicy

About this quote

What does it mean?
Government incentives push fishermen to overfish even as catches decline, forcing them to target less valuable species.
In plain terms
Tax breaks make fishermen keep catching fish even when there are none left.
What can you take from it?
Bad incentives destroy resources.

Where it applies

  • discussing fishing
  • reading about policy
  • concerning about oceans

Putting it to work

  • check government incentives
  • support sustainable fishing

Questions to consider

  • How do policies affect nature?
  • Who should decide how much to catch?

Another view

It simplifies complex economic reasons for fishing.

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