Farm Subsidies Hurt the Poor Worldwide

Got milk? The European Parliament sure does. European dairy farmers were in Brussels this week to protest proposed changes in dairy regulations.

Protestors doused the parliament building with milk and capped off a rough 10 days for the European Union (EU) capital following a failed summit last week over the EU’s next budget.

At the heart of both of these issues is the EU’s massive and wasteful Common Agricultural Policy (CAP), which in the span of a week seems to have enraged both British Prime Minister David Cameron and bovines in Bordeaux.

What is lost in all of this is just how selfish and wasteful these agricultural policies are. Subsidies and price controls are protectionist measures that insulate European farmers from the world market, raising prices on foodstuffs and distorting the market for goods.

In particular, they hurt the world’s most vulnerable. Millions of people in developing nations—which are normally agriculturally endowed—are blocked from the European market and prevented from profiting off of European consumers. This stifles development in third-world countries and keeps millions in poverty.

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Email

Previous post

Convicted Sex Offender to Enter Race for Jesse Jackson Jr.'s Seat

Next post

Powerball Jackpot Taxes: How Much Government Would They Pay For?

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.