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.
"If we are to protect America’s most valued lands, federal land management policies must be reformed and private conservation efforts encouraged," says PERC researcher Holly Lippke Fretwell.
Terry Anderson, J. Bishop Grewell
Bringing environmental issues into foreign policy-making and international law endangers trade, national sovereignty, and, ironically, long-term environmental improvement, according to two associates of the Political Economy Research Center (PERC).