Fishing

If you subsidise fishing, fishermen will fit their boats out to catch the subsidy, not the fish – Adam Smith

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I haven’t checked if the quote is true. The sentiment is certainly correct.


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2 responses to “Fishing”

  1. c andrew Avatar
    c andrew

    ‘it has, I am afraid, been too common for vessels to fit out for the sole purpose of catching, not the fish, but the bounty’ (WN IV.v.a32: p 520)

  2. Kathy Kinsley Avatar
    Kathy Kinsley

    It’s certainly proven true in farming.