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I respectfully disagree. The same prophesies of doom were advanced when in 1984 New Zealand's Labor government took the dramatic step of ending all farm subsidi
by muriithi 16y ago
I respectfully disagree. The same prophesies of doom were advanced when in 1984 New Zealand's Labor government took the dramatic step of ending all farm subsidies.
Productivity and efficiency have increased much faster than when subsidies were in place.
http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/3747430.stm http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspon...
http://www.nytimes.com/2007/08/02/business/worldbusiness/02farm.html?_r=1 http://www.nytimes.com/2007/08/02/business/worldbusiness/02f...
http://www.cato.org/pub_display.php?pub_id=3411 http://www.cato.org/pub_display.php?pub_id=3411
- heresy 16y agoAnd one result of those subsidies being cut is the US erecting trade barriers to protect US dairy farmers from the now hyper-competitive NZ dairy farmers.
- timknauf 16y agoYes, from my (New Zealand, although not a farmer) point of view I'd say the ending of farm subsidies has been hugely beneficial to NZ's economy.