It has occurred to me, that the answer could be "(just about) acceptable" or "a bad idea" morally, while being a worse idea for other reasons, from tourism and public opinion through to whale stocks and encouraging other nations to start hunting other creatures and everything in between.
When we were there, the whale-watching boats were lined up on one side of the harbour, and the whalers on the other. I can't help thinking that they were trying to make some sort of point to each other.
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