Anti-farm subsidy blogThe Guardian has started a blog devoted to ending all agricultural subsidies. Their site is called kickAAS, which stands for "Help the poorest countries by kicking into oblivion All Agricultural Subsidies": Eat the last free lunch in economics. Everyone gains. Abolition would save Western governments over $300 billion a year (equivalent to a cashback of over $200 for everyone) while giving a huge boost to agriculture in developing countries. Poor countries could sell products – like sugar, cereals and skimmed milk – they are much better suited to produce. At the moment they are being undercut even in their own domestic markets by subsidised Western produce. Sometimes trade is better than aid. And it costs nothing. |
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