Price is determined by supply and demand, and this particular Tuna is an endangered species…
This is proof positive of the market principles the Left seems to have trouble wrapping its head around. Making something more scarce doesn’t make people not want it… it just changes the price people who REALLY want it are willing to pay.
A Japanese sushi tycoon paid a record $3.1m for a giant tuna at the first predawn New Year auction in Tokyo’s new fish market on Saturday.
Self-styled “Tuna King” Kiyoshi Kimura forked over the whopping sum for a 278kg bluefin tuna, an endangered species that was caught off Japan’s northern coast.
“The tuna looks so tasty and very fresh, but I think I did too much,” Kimura, who runs the popular Sushi Zanmai chain, told reporters.
That works out to 611 lbs.
A little quick math tells us that fish was worth about $5073 a pound.
If you’re willing to pay $5073 a pound — WHOLESALE cost — imagine what the restaurant price would be for the finished product?
You’ve got to REALLY love that tuna to pay that kind of coin for it. And they do.
A single piece of “otoro”, or the fish’s fatty underbelly, can cost dozens of dollars at high-end Tokyo restaurants.
Surging consumption of the Pacific bluefin tuna in Japan and overseas has led experts to warn it faces possible extinction, with stocks depleting by 96 percent from pre-industrial levels.
They love it a lot.
And those crazy prices are as simple to explain as supply and demand.
Market principles. They’re a real thing, whether the left acknowledges them or not.
If a person looked to Scripture and paid particular attention to the passages within the Bible that address the topic of hunting, then they’d walk away thinking not only is hunting animals tolerated but it is endorsed by God. And that’s exactly what this little book is about: proving that God, from Genesis to Revelation, is extremely cool with hunters and hunting. I’ll go out on a biblical limb and claim right off the bat that you cannot show me, through the balance of the Bible, that the God of the Scripture is against the responsible killing and the grilling of the animals He created. ~Doug Giles
In his killer new book RISE, KILL & EAT: A Theology of Hunting From Genesis to Revelation Doug carries on with his courageous war against the lunatic fringe who dare recommend Bambi solutions to the annual production of edible wildlife. –Ted Nugent
Photo Credit: Reuters (Fair use)