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As long as the subsidies exist, there is no capitalistic incentive to solve the problem. If a solution NEEDS to be found, it is more likely to be found.
by hayksaakian 13y ago
As long as the subsidies exist, there is no capitalistic incentive to solve the problem.
If a solution NEEDS to be found, it is more likely to be found.
- randomdata 13y agoIn a way the market does work as you describe. If you recall (I'm not sure how publicized it was), the non-subsidized grain farmers of the world were on the brink of bankruptcy around the 2006 timeframe. The solution turned out to be changes to ethanol usage, for better or worse.
- NoPiece 13y agoIt isn't just subsidies, there are also tariffs on the import of sugar to keep the prices high. The market is grossly manipulated by the government and the farming industry. http://www.ers.usda.gov/topics/crops/sugar-sweeteners/policy.aspx#.UeGgc2QaqTk http://www.ers.usda.gov/topics/crops/sugar-sweeteners/policy...