Thursday, September 6, 2012
Bad Economist article
Here's a poorly thought little bit of dogma from the Economist, whose normally astute reporting seems to be clouded when facts seem to go against their neoliberal faith. Basically the article discusses a rice subsidy and government stockpiling scheme in Thailand. According to the article, the government plan to support a high price for rice is favored by the rice farmers and the rest of the "landslide" majority, and seen unfavorably by a small group of merchant rice exporters. The Economist's silly twist is that somehow policies that favor a food-producing majority as opposed to an arbitrage-ing merchant minority are a bad thing.