In opulent Europe (at least in Spain, where I live), nothing special will happen as a result of the price increases. Today, Europeans set aside a much smaller percentage of their wages for food than they did 10 or 20...
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All Comments (3)
You can't abolish farm subsidies. It comes down to a very basic concept. A nation that doesn't have the ability to grow it's own food can be held hostage by exporting nations or trade cartels. Even if that weren't likely to happen (and it is and happens all the time in Asia) the perceived threat to stability lowers a nation's credit and investment attraction. The problem is all that surplus, protected, domestically produced food often goes to waste or is used inefficiently. Solutions do need to be found for that but we need something more complex and less short-sighted than ending subsidies.
April 20, 2008 7:07 PM | Report Offensive Comments
Posted on April 20, 2008 19:07
I totally agree with both! abolish subsidies and let the market be free and fair for all.
April 16, 2008 3:51 PM | Report Offensive Comments
Posted on April 16, 2008 15:51
There is plenty of food in the world, and has the capacity to produce much, much more. War, corruption, and bad economic policies (subsidies, socialism) cause such perceived shortages.
April 16, 2008 1:11 PM | Report Offensive Comments
Posted on April 16, 2008 13:11