Hurrah for Malawi! December 1, 2007Posted by Jim Satterfield in Economics, Foreign Relations, Government, International News, Politics.
The New York Times titles its article Ending Famine, Simply by Ignoring the Experts. And it’s right. Those donor countries who relied on the blind belief in free markets that is currently the fashion in many developed countries and the World Bank were wrong and the new president of Malawi was right. Subsidies for poverty stricken farmers to be able to have seed and fertilizer was necessary for them to produce their own food and should probably be expanded to other countries with similar situations. The free market has little to do with farmers whose current production isn’t even enough to allow them to feed themselves.
So can we arrange for the Economics School of the University of Chicago to lose its government funding since we shouldn’t be subsidizing religion even if it’s the First Church of Free Market?