The obscenity of agricultural subsidies

Martin Wolff of the Financial Times (via “Lance Knobel(link to”: ) bq. “The OECD countries—essentially the world’s 30 richest nations—spent $311 billion on domestic agricultural subsidies in 2001. They spent $52 billion on aid to all countries. The 2001 GDP of sub-Saharan Africa was $301 billion. bq. Worse, the annual dairy subsidy in the European Union in 2000 was $913 per cow. The average income in sub-Saharan Africa was $490 per capita. The EU’s annual aid to sub-Saharan Africa was $8 per person.”

No Comments

Leave a Reply

Your email is never shared.Required fields are marked *