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Old 04-29-2008, 18:47 PM   #11 (permalink)
gunnut
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Originally Posted by rj1 View Post
You can always tell when you're reading a person that doesn't know what being threatened with a gun by a mob is like.

And that's the ultimate reason for these countries' food policies. Prof. Cowen is seriously living in a fantasy world that does not exist, countries where people don't really care about the free market, don't have a lot of money, just want to eat, and if they don't eat, they can overwhelm the rulers in a coup and start killing the government officials responsible for the shortages. Is that rational? Of course not, but it's what would still happen and some populist could use the temperament of the locals to his advantage.

Doesn't he realize that most of the places he is talking about, the rule of law is not just assumed to be always true?
Then they still don't eat. Cope with the realities of the free market or be prepared to let nature take its course.

Free market system can support many more people than a patch work of subsidized markets.
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