I’m no subject matter expert, but I think what brd was saying is that farm subsidies are hugely distorting to the agricultural commodities market, and that leads to inefficient capital and resource allocation, which in turn causes misalignments between overall consumer wealfare beyond monitary means and spills over to hurting the health of the general public.
How much of this is true I do not know, but based on economic theory such negative externalities are possible.
You can’t ignore at the fact that the US is much more libertarian than Canada and the EU when it comes to business regulations. And we all know what happens when governments are too business friendly and not addressing market failures or safeguarding public interest.
Ask yourself this, what percentage of your operational best practices are invented/peddled by the industry vs truly independent research?
> what percentage of your operational best practices are invented/peddled by the industry vs truly independent research?
It would be helpful to define “independent” because there is an “industry” of anti-GMO advocates that produce research to support their views and, compared to a Cargill-sponsored study, they’d be viewed as “independent.”
I think we ascribe too much credibility to non-profit corporations. As an example, we routinely dismiss an Exxon climate study as “biased” or “corrupt” but a Greenpeace study is somehow more noble or accurate? Greenpeace lives and dies from donations — donations that would disappear if the threats they purport to care about are diminished. Greenpeace type organizations have just as much at relative stake as “industry” and thus studies they sponsor ought to be held to similar levels of skepticism as “industry” studies. Climate change is an industry with just as much as stake as fossil fuels. Al Gore, as an example, became a billionaire from the climate change issue. It would be difficult to argue that research promoted by a guy like him are independent considering he has gotten ultra wealthy from peddling climate alarmism just as Exxon gets rich from promoting studies rife with skepticism. Truly independent studies are extremely rare — everyone has an agenda.
We don’t necessarily need more independent studies because even independent studies are funded by someone with an agenda, what we need are more reproducible studies that can be analyzed objectively. A reproducible Exxon study is more valid than an in-reproducible study from the Sierra Club (and vice-versa
The problem is that an Cargill study is immediately dismissed as corrupt, but some non-profit study is given the benefit of the doubt.. I propose that all studies should be viewed with skepticism until their results are reproduced and corroborated.
Canada, EU and the U.S. all have massive agriculture subsidies.
This article was actually about Canada, you realize?
The EU subsidies for Iberian fisherman to allow them to catch and catch regardless of economics have been the prime mover in destroying fisheries up and down the North American and African coasts. It was, and is, one of the worst environmental crimes of the last century, perhaps only matched by the EU subsidies for diesel vehicles that have contributed so much to climate change and point-source pollution.
How much of this is true I do not know, but based on economic theory such negative externalities are possible.
You can’t ignore at the fact that the US is much more libertarian than Canada and the EU when it comes to business regulations. And we all know what happens when governments are too business friendly and not addressing market failures or safeguarding public interest.
Ask yourself this, what percentage of your operational best practices are invented/peddled by the industry vs truly independent research?