Wednesday, October 28, 2009

"Poor Story" has some relevance to farmers in Marathwada too.

Quote from "Poor Story" by Giles Bolton -

Are you European? You're paying to subsidise every cow in the European Union at Euro 2.50 a day (while 300 million Africans live on less than Euro 1 a day). Are you American? In 2005 you spent US$ 4.2 billion subsidising the US cotton industry, which may be more money than the entire value of the cotton it produced (while 10 million African cotton farmers would have seen fewer of their children die from preventable diseases if your taxes hadn't been spent on a few thousand farms in the Midwest). Are you Japanese? You recently spent more than 1 percent of your annual income - at least 600 US$ per household - on rice through a combination of high prices and farmer support (while farmers in countries like Ghana couldn't even sell their produce in local markets, let alone abroad, because of subsidised exports from rich 'competitors'). Something is wrong here.


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