I'm showing up late to this party (Matt told me about the thread days ago, but I didn't have time to reply here), and I've just read through the many pages and ideas quickly, so if I am repeating something, flame me gently.
The point that Matt was making at the start of the thread is that the Rift Lakes provide a nearly unique situation in which there is immense demand for cichlids that in most cases never numbered more than a couple of thousand wild individuals in the whole world. This is the exact opposite of the situation with the cardinal tetra, where the supply of the fish is virtually infinite, and no matter how great the demand grows, the market is saturated long before the wild population is threatened. If you think of a species as "endangered" when it drops below a few thousand or even a few hundred wild individuals, then most of the rock-bound species in Malawi are "endangered" before we catch a single fish!
Ps. saulosi we noticed just in time, apparently. M. chipokae, we may have been one or two years late to notice. That yellow Tropheus-whose-name-we-dare-not-speak may be too far gone to save.
But I don't think the answer is NEVER to import wild caught fish. Because species fall out of favor in the hobby for a while, then come back into favor, I do think there is an ongoing need for limited, responsible collection of WC fish, especially for use in professional hatcheries or semi-pro specialist fish rooms, who use the WCs to produce F1s in quantity for distribution to cheap dudes like me who won't pay for 12,000 miles worth of shipping.
Ted Judy's latest TFH column makes a powerful case about the dangers of small-gene-pool, sibling-to-sibling captive breeding, which is exactly how most fish are bred in the hobby, whether commercially or privately. I think we do need to re-introduce wild genes into our tank-raised stock every so often, in order to keep the domestic fish genetically viable and diverse. Which means we need to OCCASIONALLY import wild fish, to cross into domestic lines, not CONSTANTLY import wild fish so that I can act like my fish are better than yours.
I like the idea of a sort of "Rift Lake Cichlid Conservation Compact," which clubs, individuals, and commercial entities could sign onto, and if they follow its rules, use in promoting their stock. The heart of the RLCCC would consist of an expert-curated list of species and variants which are currently under "No WC Trade" status. That status wouldn't be permanent, but it would probably last for 3-5 years at a time. After a "No-Trade" cycle, a species could be put on a "Limited Collection" cycle of one or two seasons, during which time RLCCC signatories COULD buy and sell WC specimens of the fish in question. Then, after a couple of years of collection and importation to freshen the gene pool, the species goes back on the "No WC Trade" status. (We need better titles for the Compact and its lists, but you get the idea. I'm riffing here...)