don't blame the system for having massive, glaring flaws!
or... do, do that
THE SOLUTION IS TO REGULATE, except that capitalists use their enormous wealth to lobby against any and all effective regulation, but that's not capitalism's fault lolz
Capitalism is based on private ownership. Is it really a flaw if it applies badly to an area of public/common ownership? Is a plane flawed because it doesn't fly underwater?
It seems that it would be the fault of whoever is trying to apply it.
It's not like even die-hard supporters of capitalism claim that applying it to public property works well. From Mises.org:
On the contrary, when the individual is merely a tenant, either of
a farm or a dwelling or a business site, his interest is in taking
out all he can to compensate for the cost of the rent he pays. This
is true whether his landlord is a private person or a government.
Actually, in those cases where government has become the landlord,
the evidence abounds that tenants are even less interested in
improving or even maintaining the property they occupy.
It seems an appropriate description. Of course, their solution would possibly be to privatize the seas, which I personally wouldn't advocate for.
You know, if you write all your arguments in capslock they will be even more persuasive.
There is no homogenous group of "capitalists". Many regulations are the product of collective wishes of 99% and its absurd to blame some non-existent group for lobbying against "any and all" effective regulation.
I swear someday I will write browser extension to analyze and hide such hand-wavy arguments like this one.
In the example of overfishing, there is no group lobbying against "any and all" regulation.
But the owner of the fishery/cannery is lobbying against quotas, the owner of the fishing boat is lobbying against worker protections that would slow down the harvest, and the restauranteurs sure have a significant interest in keeping the price of fish as low as possible.
Heterogeneous groups, acting in their own interests, end up working towards the same goal - preventing regulation that would slow overfishing. That's the tragedy of the commons.
or... do, do that
THE SOLUTION IS TO REGULATE, except that capitalists use their enormous wealth to lobby against any and all effective regulation, but that's not capitalism's fault lolz