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Politics : Formerly About Applied Materials
AMAT 319.11+5.7%3:59 PM EST
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To: Sam Citron who wrote (42666)2/24/2001 8:33:34 PM
From: Jerome  Read Replies (2) of 70976
 
But free markets abhor subsidies,

A nice concept except that the more developed a country is the more clever they become in hiding subsidies to meet regulations on free trade.

At my own peril lets take the US corn crop. A very highly subsidized and government managed crop.

Look at some of the subsidies available to the grower of corn.
1) Low interest loans for seed
2) A fertilizer subsidy
3) The gasahol program which subsidizes the purchase of corn to make gasoline
4) Special tax rates for farm land
5) Guaranteed price supports if you jump through the right hoops.
6) We even have a program that will pay you not to grow corn or anything on your land (This is a limited program & is far over suscribed in most counties... waiting list to get on the program)
7)Purchase of gasoline or diesel without payment of road taxes. ( I have never seen this in a third world country)

Try telling some of my farmer friends that we have free markets. I believe that third world countries lack the funds for such sophisticated subsidies.

Try and figure out to what extent the above mentioned subsidies distort prices?

If the American government got out of the Farm subsidy business I belive that the farmer would have an even chance at prosperity.

Jerome
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