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The "right" way to do it is to have the correct number of factory trawlers out there catching the correct amount of fish the most efficient way possible. But, of course, what we have now is too many factory trawlers catching way too many fish, both of the intended species and otherwise.
Remember, we don't want to regulate inefficiency into the system, we want to regulate rationality.
When government regulation is involved, however, things rarely end up "right".
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