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.”

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