|Re: In May, President Bush signed the $190 billion 10-year farm bill that will continue to give the nation's biggest farmers $19 billion in subsidies, perpetuating a Depression-era program of direct financial aid to encourage production of grain and cotton. Some critics call that a welfare system, and some of the most important developing nations with big agricultural exports - Brazil, Thailand and South Africa - spoke up loudly, charging the Bush administration with hypocrisy.|
Well, there's no point in trying to cast the US's farm welfare as a better case than Europe's.... Both keep subsidizing their respective farmer constituencies shamelessly BUT, at least, the US CAN AFFORD IT!! Here're a few key data most European media NEVER blurt out:
Get the picture? The EU currently panders to THREE times as many farmers as the US's... on an area that's barely a THIRD the size of the US's. The elephantine size of European agriculture is a LIABILITY to the overall EU competitiveness. While the US brazenly subsidizes its farmers, it STILL has the world's best high-tech industry, it still splurges on Defence contractors more than the EU, Russia and China combined... And the US doesn't fuss over genetically-engineered foodstuffs --the US still has more GM-plant schemes than China.