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| | Cotton Candy - Mises Institute |
 | | cotton subsidy racket receive a thorough thrashing, even if at the hands of an unnecessary and objectionable body such as the WTO. If it results in a pullback for such subsidies, all to the good. |
 | | Still, the US subsidy to cotton, which keeps production costs high and prices (relatively) low because of surpluses, is not somehow unfair to cotton farmers abroad, anymore than Brazil's subsidies to its aircraft industry are unfair to the US and Canadian aircraft industries. |
 | | cotton’s competitors, including the export credit guarantee program." That is rank hypocrisy, and it is hardly surprising that it is resented around the world. |
| www.mises.org /fullstory.asp?control=1505 (1341 words) |
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