Overfishing in the oceans is a classic example of the "tragedy of the commons"-- overexploitation of an unowned resource. Fishing in U.S. waters is no longer a commons free of fishing restrictions, yet many fisheries still suffer from the tragedy of the commons.
Along the coastal waters of eastern Canada and the United States--in the Grand Banks off Newfoundland, for example, and in Georges Bank off New England--severe overfishing is leading to economic ruin. In spite of years of governmental restrictions on gear, catch, and seasons, fishers are over...
The Forest Service needs strong incentives to adhere to the bottom line. The right motivation could help create a profitable timber program.
Donald Leal, Jane Shaw
Each year, at least fifty national forests managed by the Forest Service lose money on their timber sale programs. To some critics, these programs represent an environmental travesty and a classic example of corporate welfare.