Wednesday, January 5, 2011
Species Extinction has Turned Profitable
Sushi vendors in Hong Kong and Japan have just paid an amazing $396,000.00 to purchase a single bluefin tuna. Obviously this endangered species is in high demand, and the rarer it gets the higher the future price will be.
This tuna weighed in at an incredible 754 lbs., which means that the selling price of this fish, scales and all, was higher than it's equivalent weight in solid Sterling silver.
On a related note the UN announced today that world food prices have just hit an all time record high.
(...all while the world's human population methodically expands at a rate of 3 per second).
At what point did species extinction become profitable?