NET PROFIT, SOCIAL LOSS

In the mad struggle for bigger and bigger profits the owning class have no regard to what social problems may arise from their ruthless pursuit to net profits. Thus we have the decimation of fishing stocks around Iceland and the Faroe Islands. "Mackerel could vanish from Britain's fishmongers and supermarkets within three years because giant foreign trawlers and factory ships are being allowed to strip out the entire stock, scientists have warned. ..."There were about 3m tons of mackerel in the northeast Atlantic at the start of the year but by the end we will have removed about a third of the entire stock," said Paul Fernandes, a leading fisheries researcher at Aberdeen University." (Sunday Times, 17 July) RD