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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.87+3.6%Dec 11 4:00 PM EST
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To: long-gone who wrote (36601)7/6/1999 8:50:00 AM
From: Hawkmoon  Read Replies (1) of 116814
 
All agricultural commodities are heavily subsidized in Europe and Japan.

Heavily subsidized. Along with a number of other industries.

That's one of the reasons why their currencies are so weak versus the US dollar. They are less competitive and their societies are semi-closed or protected from being forced to compete on a similar playing field. That is changing slowly in Europe, but may require a recession there for the changes to fully begin to de-socialize the continent.

As for protection "from" subsidies, you make a very good point. The US/UK are big promoters of free trade since we primarily profit from it, and wind up involve in wars when the trades barriers go up.

But that is what so much of the US policy has been in the banana wars with Europe, maintaining pressure upon European nations to lower their tariffs or blocks on US products.

There are plenty of tariffs that currently exist on foreign goods coming into the US. Each one is set according to best analysis on the fairness of those markets. Others are set based upon sheer politics.

But in sum, at this moment, there is nothing close to complete free trade around the world. But for economic progress to continue and democratic political principles to spread, free trade policies must be continuously and vigorously pursued.

Regards,

Ron
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