In theory Skywalker is right about the fishing industry in that it should have been controlled by the government agencies, but in our system of legalized bribery as campaign contributions and campaigns for public office costing millions, the theory doesn't work. With a uninformed and apathetic public we end up with government by special interest and the people get screwed out of tax dollars AND natural resources.
BTW,the puget sound hake and pollock were wiped out by a trawl fishery that was supplying fishmeal to the Washington State fish hatchery system.