Another psycho from the WEF

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How did this situation come about? The answer lies in economics. In the Fifties, economists argued that the problem of diminishing fish stocks brought about by fleet expansion and mass industrialisation should be solved by the market. They proposed that states create a limited right to catch fish that could be bought and sold.

Iceland was one of the first countries to implement this market-based policy in the Eighties. Their fish stocks began to recover, the fishing fleet grew more profitable, and economists pointed to the country as an example of what the market could achieve.

However, the privatisation of once common fishing-rights did not benefit everyone, as anthropologist Dr Niels Einarsson – an expert on Icelandic fisheries policy – describes. “Many fishermen were dispossessed. It even led to a case before the UN Human Rights Committee. This was a huge embarrassment for Iceland: we pride ourselves on social democracy.” As the policy wreaked havoc in Icelandic fishing communities, it also created huge wealth elsewhere. “Banks traded fishing rights as assets. These became valuable derivatives, and the financial sector boomed. Then it all came crashing down.”

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These people are like characters in some dystopian fantasy movie.

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This has already been done before.

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The tweet says water, soil and oxygen. You link something about fish

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SlowFlowPro

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Banks traded fishing rights as assets. These became valuable derivatives, and the financial sector boomed. Then it all came crashing down.”

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Note for smoothbrains,

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Mr. 4cubbies

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Are you retarded?

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