Government Subsidies and Our Food Bills
Do we really know the how and why behind government subsidies? Who do they benefit and why were they created in the first place? We’ll talk this hour with writer Thomas M. Kostigen, author of the new book “The Big Handout: How Government Subsidies and Corporate Welfare Corrupt the World We Live In and Wreak Havoc on Our Food Bills” (Rodale, 2011). [listen]
Well, it's not just the republicans who are give subsidies. I think part of the economic motivation behind subsidies is to hide the true cost of production, giving the illusion that food is cheaper than it really is. This drives our economy, and it makes US-grown food easier to export to other nations that may not be able to match our prices, since subsidies make it so low. I'm not saying that's right or fair. And it is hypocritical of all those who champion free-market enterprise like some religion. I'm just saying that that is what drives it.