Would privatising the seas work?

In the film The Corporation, an American think tank executive is seen extolling the virtues of saving the earth by making someone responsible for every part of it, thereby creating salvation by self interest.

He is depicted as the ultimate corporate fan, as an extremist.

Some years after the film was released, the idea of creating trading rights in vulnerable common goods is taking hold. For example:

“…privatizing fishing rights usually makes fish populations significantly less prone to collapse”, argues Gregg Easterbrook in this compelling article.

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