Subsidies are making a bit of a comeback in Western economies, but there’s one area where they can be deadly: global fishing. Governments are subsidizing the industry, and the industry is overfishing. Atlantic bluefin tuna and orange roughy, once commonly on the American restaurant menu, are now making appearances on growing endangered lists. At this rate, the implications extend far beyond your restaurant menu — the ocean ecosystem could change for the worse. After decades of discussion, the World Trade Organization might just be ready to usher in a solution. Global fisheries subsidies added up to an estimated $35.4 billion in 2018. China is far and away the largest provider i
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