What kind of world are we living in???
July 14, 2007 12:16 PM Subscribe
Why does the US (and EU?) so heavily subsidize crops specifically for export?
posted by nintendo to Law & Government (24 answers total) 4 users marked this as a favorite
A good hypothesis I've heard goes something like... After having introduced cheap goods into a local market (because of government subsidies, cheaper than locals could ever produce themselves) long enough to drive local producers out of business, subsidies can than be lifted, leaving our new foreign consumers no choice but to continue to purchase US (EU) grown crops at market price.
Could this really be possible. Internet has helped some, anyone have any ideas about this?
(I hear the US and EU together spend something like $339 billion a year on just this type of subsidies)