There are two diverging views of the status and future of the world's fisheries. One group represented largely by academic marine ecologists sees almost universal failure of fisheries management and calls for the use of marine-protected areas as the central tool of a new approach to rebuilding the marine ecosystems of the world. The scientists working in fisheries agencies and many academic scientists see a more complex picture, with many failed fisheries but also numerous successes. This group argues that we need to apply the lessons from the successful fisheries to stop the decline and rebuild those fisheries threatened by excess fishing. These lessons are stopping the competitive race to fish by appropriate incentives for fishing fleets and good governance. The major tool of resetting incentives is granting various forms of dedicated access, including community-based fishing rights, allocation to cooperatives, and individual fishing quotas. Many of the failed fisheries of the world occur in jurisdictions where central governments are not functional, and local control of fisheries is an essential part of the solution.