The subsidy that would not die

Yes, I suppose that could be just about every subsidy. But farm subsidies looked like they were dead, or at least on life support, when the Freedom to Farm Act was passed a few years ago. Now they are back with a vengeance.

It’s another wonderful example of Dubya the free-marketeer in action. First there were the steel tarriffs, and now farm subsidies. Looks like those anti-globalization protesters were a lot more effective than we thought. To wit:

“This is an appalling signal to the world and the farm bill is very, very bad for international agriculture,” Warren Truss, Australia’s agriculture minister, was quoted as saying on his country’s national radio network. The United States, he said, “is telling other people to lower subsidy levels but not doing the same thing itself.”

Yep. But it will pass with flying colors. God bless agribusiness. Here’s a comprehensive look at the issue by J.D. Tuccille, with lots of helpful links.