[koube]

Adding onto that, I can't imagine the logistical nightmare of privatizing the entire ocean including international waters, besides the root of the issue in which it solves nearly no problems.

What if I buy a 1 meter by 1 meter parcel of the ocean and charge bottom of the barrel prices to dump industrial waste in it? What if that square of ocean was 100 meters off shore from a beach in Los Angeles? If you don't want that then we're right back to government regulations.