GoggleField

GoggleField t1_isu75gu wrote

Reply to comment by Squidworth89 in Stop The Corruption by sillychillly

There are ways to invest in equities without taking advantage of insider knowledge. It's not one or the other. You could certainly make the point that Golden is over generalizing, but the intention is a good one.

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GoggleField t1_isdhgs2 wrote

Your assumptions about lobstermen are not rooted in reality. The lobster fishery in Maine has been so sustainable because the lobstermen don't fight for more effective traps or other more lenient laws, knowing that those things will eventually kill their livelihood. These are people whose parents lived through the collapse of the cod fishery, and have no interest in seeing the same thing happen to lobster.

Sure, they might think Antifa did J6. That doesn't mean they are irresponsible with the lobster fishery.

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GoggleField t1_isdfitu wrote

I don't know a ton about the snow crab fishery, but lobsters are not being overfished in Maine. It's actually quite sustainable and well managed. The limited licenses and trap design regulations keep the fishery healthy and the price relatively high. However, the fishery is still going to disappear as the lobster move further and further north as the gulf of Maine warms faster than basically any other salt water body. The fisherman can keep fishing responsibly, but if we don't do anything about climate change they are still fucked.

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