Commentary: Aquaculture a broken business model that's ruinous for the environment - Saltwire
Quote from the article: "In fact, both the method of open-net aquaculture and the business model being proposed to develop it will allow use of the valuable resource of our ocean bays in a way that will minimize local economic and social benefit while maximizing degradation of local environments.
Simply stated, this broken model allows for:
Foreign or non-local corporations coming in to the area;
Extracting of maximal value out of the resource;
Using the lowest-cost technologies to maximize profits;
Extracting those profits, leaving little or none in the local area;
Leaving behind the maximum allowable environmental degradation for free (also called “externalities”), constrained by local regulations;
Creating the least number of local jobs possible (while using inflated job numbers to sell the project at the beginning).