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The government needing to take care of you seems like a pretty big market failure to me. And those attempts to take care, instead of solving the root of the pro
by randomdata 13y ago
The government needing to take care of you seems like a pretty big market failure to me. And those attempts to take care, instead of solving the root of the problem, is what has ultimately lead to the need for ethanol.
- hga 13y agoWell, the problem is, how does a society address the issue of steadily decreasing commodity prices as science and engineering produce them? The New Deal helped farmers, back then a much larger percentage of the population, at the expense of everyone else. The real solution was to move people from farming to industry, or as it turned out, the US military and industrial production to support it for WWII (and per the WWI song, "How 'Ya Gonna Keep 'Em Down on the Farm? (After They've Seen Paree)" (Paris), between that, the "GI Bill" subsidizing college education, learning all sorts of useful skills, etc. I gather many if not most didn't return). The New Deal, as I've pointed out above, didn't really solve the problem when it's policies damaged so large a portion of the population. No Holodomor, but just as deliberate. I've seen a newsreel of this: http://www.livinghistoryfarm.org/farminginthe30s/crops_17.html http://www.livinghistoryfarm.org/farminginthe30s/crops_17.ht... ; you can imagine what hungry people back then thought when they saw it.