Thursday, September 11, 2003

More ranting inspired by WTO Cancun. From Reuters:
"If we are going to tell our farmers to cut their subsidies, we are going to need to bring something else back to the table," deputy U.S. Trade Representative Josette Shiner told journalists.

That's just not true. Farmers would be happy enough if the same dollar amount that currently goes into subsidies simply went straight into their pockets, instead. It would be less paperwork for them and they might still be able to grow some crop (perhaps the same one, perhaps different) that they can sell on the world market without the crutch of a subsidy and further enhance their revenue. Replace the subsidy with a handout of equal value and call it a "Post-agricultural welfare cheque". Continue writing the cheques yearly for life, to individuals, or for 10 years, to companies. Then they're gone and in the meantime the rest of the world has a chance to grow cotton or beans and make a living.

No comments:

Blog Archive

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 Unported License.