The Stoic Traveler

"Wherever I go, it will be well with me."

07 November 2007

Merges Rex

L.A.S. s.d. C.L.:

Wandering the internet today, I found this mildly interesting story about corn. One line stood out in particular:
The filmmakers are "talking about overproduction, and that's one thing that we see that's different from two years ago," Williamson said. "We're not seeing overproduction. The market is able to sustain it," thanks in large part to an ethanol boom.

Utter codswallop.

Market be damned, the ethanol "boom" has nothing to do with markets. It has everything to do with subsidies and the nigh-unlimited, unwarranted power of the corn lobby. Dr. Scammington can explain the problems with the ethanol nonsense better than I.

Taking a moment to think, it would seem that the corn lobby is, in fact, the most powerful lobby in the United States today. It has singlehandedly driven the U.S. Federal Government into supporting an unreasonable fuel, locks out sugar imports (and helps keep America fat), and wins billions a year in subsidies for poor family farmers like Archer-Daniels-Midland. Furthermore, its actions, as Dr. Scammington says, have caused a general increase in the price of food around the world.

I think I need to become a lobbyist.