3 ms·
Excessive goverment subsidies can destroy competition in otherwise healthy markets (which I wouldn't classify the Boeing/Airbus duopoly as to begin with). For
by jannes 9y ago
Excessive goverment subsidies can destroy competition in otherwise healthy markets (which I wouldn't classify the Boeing/Airbus duopoly as to begin with).
For example, look at dairy products in Africa. Local farmers couldn't compete with the heavily subsidised European industry for a long time.
http://www.independent.co.uk/news/world/politics/eu-subsidies-deny-africas-farmers-of-their-livelihood-478419.html http://www.independent.co.uk/news/world/politics/eu-subsidie...
https://en.wikipedia.org/wiki/Export_subsidy https://en.wikipedia.org/wiki/Export_subsidy
- the_mitsuhiko 9y agoJust that Europe has no interest in a healthy market for food stuff because they would lose local producers. They want to stay at least somewhat sustainable.