The Big Fish Win Again

What does it take to buy a share of the American ocean? For Lion Capital, a British private equity firm, the price is less than $980 million. Now, every time you sit down to a bowl of clam chowder in the United States, you’re probably padding profits for British investors. Over the long term, it means that costs will rise. Fishermen will earn less, their profits halved and quartered by the rental payments they’ll have to make to people in suits just to go fishing. Yet consumers will pay more. Investors will be getting rich off of resources that used to belong to you. Read more here. Its enough to make you sick. 14:25