A Vision of Laissez-Faire Corn Production
By Monica @ 10:16 PM   
Kendall Justiano of The Crucible and Column has written an excellent piece on the distortions in the market caused by corn subsidies and sugar tariffs. I'll direct you to the entire post because it deserves to be read in entirety. He provides a vision of one sector of agriculture without subsidies, at least as it relates to corn.
Kendall also discusses the nature of government interference in agriculture and how it differs from other industries -- and thus, makes reference to Archer Daniels Midland at the end of his post. ADM makes corn sweetener and lobbies to keep sugar price supports and tariffs in place (because sugar might replace corn sweetener in products if operating in a free market, as Kendall shows). ADM is a huge recipient of government welfare programs, which John Stossel has written about and which Dr. Eades has also commented on several times in various posts.
I'll leave you with this priceless little exchange between Stossel and the chairman of Archer Daniels Midland:
(Stossel) I foolishly thought I could get him to admit he was a rich guy milking the system. I thought he’d at least act embarrassed about it. Fuggeddaboutit. He was unfazed.
John Stossel: Mother Jones [magazine] pictured you as a pig. You’re a pig feeding at the welfare trough. Dwayne Andreas: Why should I care? John Stossel: It doesn’t bother you? Dwayne Andreas: Not a bit.
Disgusting. Orren Boyle in the flesh, folks.
Labels: Agricultural Adjustment, corn, Individual Rights, Subsidies, Trade
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1 Comments:
A mystic of muscle doesn't care about virtues, values, or moral standards. I would say, based on the transcript, the person in question is a mystic of muscle.
Ayn Rand discusses various forms of mysticism in her lecture/essay "Faith and Force: The Destroyers of the Modern World," reprinted as Ch. 7 of Philosophy: Who Needs It.
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