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The subsidies are ridiculous and they should be reformed but food is a pretty important thing for a society to get right. If left strictly to market forces ther
by jqm 12y ago
The subsidies are ridiculous and they should be reformed but food is a pretty important thing for a society to get right. If left strictly to market forces there may be some years with very very expensive corn which would hit the poorest of the poor worldwide. Corn isn't like silicon chips where you just fire up the plant and make some more. You are looking possibly a year or more out. So there does need to be some measure of central planning in this regard.
- wtbob 12y agoWhy do you need central planning? All you need is insurance and crop futures, traded on a free market, to even out the price spikes and troughs.