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Can they afford this every year into the future? Because climate change is only going to get worse.
by toomuchtodo 1mo ago
Can they afford this every year into the future? Because climate change is only going to get worse.
- mytailorisrich 1mo agoYes they can because that's very typical of the power of farming unions in France. Various subsidies happen all the time and 1 billion is not that much in the sea of government spending on about anything and everything they have... that is, if they don't go broke (which is a real possibility at this point).
- toomuchtodo 1mo agoDo you have any citations you can provide? > “that is, if they don't go broke (which is a real possibility at this point).” is my point. The US is currently spending ~$1T/year on climate costs [1], for example. [1] https://news.ycombinator.com/item?id=44477195 https://news.ycombinator.com/item?id=44477195
- deleted 1mo ago[deleted]
- mytailorisrich 1mo agoFrance's public finances are really going badly to the point that mentions of looming financial crisis are becoming more frequent and serious. The country has high debts and high deficit but also high taxation, however successive governments have never taken the political risk of cutting spending. The end may be nigh [1] but in general farming subsidies are seen as strategic and as mentioned farming unions are superpowerful (writing as a Frenchman). [1] https://www.ft.com/content/d470e9dd-760c-46ae-93ec-014b59160b37?syn-25a6b1a6=1 https://www.ft.com/content/d470e9dd-760c-46ae-93ec-014b59160... "France’s debt interest bill to jump 25% this year (2026)"
- MiroslavPokorny 1mo agoEatting is never optional. Today we have abundance, but as the future continues, yields will only drop.