Friday, October 21, 2005

Farm subsidies: bad after all.

From Pietra Rivoli's The Travels of a T-Shirt in the Global Economy:
In West Africa, cotton is a principal cash crop and export, and provides more than one-quarter of export earnings for 11 countries. While decades behind the United States in technology, productivity, and yields, because of low-priced or even free family labor, West African cotton farmers can produce cotton at a far lower cost than Texas growers. Though West Africa has many more players--18 million cotton farmers to America's 25,000--the American government's deep pockets virtuatlly assure the continued dominance of the United States.
Emphasis mine.

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