Zippsy, John Bantin's point is that IF there weren't any shark dives in the Bahamas , the sharks would've been hooked long ago. The Bahamian government could be called stupid for doing so but in this very imperfect world, money talks. And in this instance, the survival of the sharks is tied to human activity. As much as I dislike dives of this sort, I have to defer to the practical nature of the business.
Wise conclusion, Drew! I would absolutely second that and personally vouch PRO SHARK FEEDING for exactly that reason. In a perfect world we would not penetrate the ocean at all and leave the sea alone. But divers or avid shark tourists are the lesser evil and might unfortunately be the last chance that these animals have. Sharks time is almost up.
In Austria and Germany some media reports were supportive on baiting sharks but abolished shark feeding. The difference between baiting or feeding them does not matter very much to me. I think, as a diver during a feed you have to be more careful and watch out for the bait occasionally floating around. But this can also happen with enough chum and current. Furthermore with any shark that is large enough to carry away a bait crate or even crack it. Bottom line is that all shark divers need to constantly monitor current and all bait sources, no matter if these are secured or not. Speculating about the increased likelihood to get bitten during a shark-feed versus a shark-bait event is splitting hairs, I think.