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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (26087)	12/6/2007 10:24:10 PM
From: elmatador	Read Replies (1) \| Respond to of 220337

What happen if governments intervenes in subprime? I have a good illustration of what happens when government intervenes to help the poor. government intervention. Most of the subsidies and trade barriers have come at a huge cost. The trillions of dollars spent supporting farmers in rich countries have led to higher taxes, worse food, intensively farmed monocultures, overproduction and world prices that wreck the lives of poor farmers in the emerging markets. And for what? Despite the help, plenty of Western farmers have been beset by poverty. Increasing productivity means you need fewer farmers, which steadily drives the least efficient off the land. Even a vast subsidy cannot reverse that. One day historians will say: this marked the slide of the rich countries into poverty. Namely, government intervention to "protect" the poor.