Commodities Trader Biography
The sugar program is essentially a producer cartel run out of Washington. The Agriculture Department operates a complex loan program to guarantee sugar growers certain prices, which it enforces with import barriers and domestic production controls.”
“So consumers get to pay the sugar industry directly, through subsidies, and again indirectly through doubled, or tripled, sugar prices.”
“Competition laws often forbid private cartels. Identifying and breaking up cartels is an important part of the competition policy in most countries, although proving the existence of a cartel is rarely easy, as firms are usually not so careless as to put agreements to collude on paper.”
Entire article here: http://www.feralscholar.org/blog/index.php/2010/08/26/a-few-things-about-sugar/
The sugar program is essentially a producer cartel run out of Washington. The Agriculture Department operates a complex loan program to guarantee sugar growers certain prices, which it enforces with import barriers and domestic production controls.”
“So consumers get to pay the sugar industry directly, through subsidies, and again indirectly through doubled, or tripled, sugar prices.”
“Competition laws often forbid private cartels. Identifying and breaking up cartels is an important part of the competition policy in most countries, although proving the existence of a cartel is rarely easy, as firms are usually not so careless as to put agreements to collude on paper.”
Entire article here: http://www.feralscholar.org/blog/index.php/2010/08/26/a-few-things-about-sugar/
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