You are currently browsing the tag archive for the ‘Wilbur Ross’ tag.

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I have been wanting to write about a troubling news story from the summer, but every time I start, I get frustrated by the shortsighted selfishness which has overtaken our culture. Sometimes it seems like the very fate of our society and our planet is writ in this regional fishing controversy. Naturally it is a story about flounder—more specifically, the summer fluke, (Paralichthys dentatus). These fish are beloved by commercial and recreational fishermen who catch millions of pounds of the flatfish between Maine and the Carolinas.

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Unfortunately, the ever-growing hordes of fishermen have grown too numerous and rapacious for the poor flounder to replenish themselves. The summer fluke fishery on the East Coast of the United States has been collapsing this summer (2017). The Greater Atlantic Regional Fisheries Office “has determined that fluke are being overfished, with an estimated population that is 42 percent below the level regulators consider to be sustainable.” To keep the flounder alive for future generations of anglers, the Greater Atlantic Regional Fisheries Office imposed new restrictions on how many fish can be caught and killed.
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Here is where the story takes a peculiar turn. Wilbur Louis Ross Junior “The King of Bankruptcy” is a billionaire banker and vulture capitalist. When Donald Trump’s casinos went bankrupt due to mismanagement, overspending, and bad deals, Ross stepped in to restructure the casinos, bail out Trump, and dump the bad debt onto others. This has had a lot of consequences, but one of them is that Ross is now the United States Secretary of Commerce.

When New Jersey’s charter captains, commercial fishermen, and sundry interested parties who make a living off flounder, heard about this year’s reduced catch limits, they wrote up a counter-proposal (which involved catching a lot more fish than recommended)—and they presented this plan directly to the Secretary of Commerce (who is originally from New Jersey and has some of his palatial mansions and nine figure art collection there).

Naturally Wilbur Louis Ross Junior could not care less about the fate of a species of fish. He happily overrode the catch limitations on summer fluke. After all it makes fishermen happy and who cares about the opinion of NOAA scientists? Indeed, the NOAA is a division of the Commerce Department and it turns out that its real purpose is not to understand the ocean and the atmosphere but to make people like Ross much richer. He is probably out there somewhere right now tenting his fingers and saying “exxxxcelllent!”
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[Here he is marveling at how the subjects of the Saudi king do not dare to protest because they are beautifully afraid]

If only New Jersey and its reckless and uncaring anglers flout the rules and fish their stocks to extinction, summer fluke on the East Coast can probably still rebound, however Ross’ cavalier disregard for the ordinary procedure of fisheries limits and his inability to care about (or understand) the scientists’ rationale for fishing limits raises the all-too-real possibility that other state and national fisheries will no longer be bound by evidence-based rules.

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I suspect many people will regard the summer fluke as an immaterial victim of the corruption which is a more and more the principal feature of American business and politics, yet the flatfish is a keystone species which is located between the small prey and the large predators (I sort of look at them as the middle class of the ocean). Wilbur Louis Ross Junior was born in the thirties. What does he care if one of the dominant species of teleosts in our part of the Atlantic is overfished to the point of vanishing? Yet one would think that the watermen who live in tandem with these flounder and have made their lives off the lives of the fish might care somewhat whether the species lives or dies. I guess that is wrong though. There is a reason Wilbur Ross, The Bankruptcy King” is rich beyond reckoning. He knows how far people will go (way too far) and he knows how to exploit that for himself. I wonder what other decisions will come from the Commerce Department.

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