Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

EU farmers in white heat over milk prices

World Sep. 17, 2009 - 03:46AM JST ( 4 )

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rajakumarSep. 17, 2009 - 08:35AM JST

EU has too much milk at low price,so 3 million liters dumped on fields.

There is a lot of abundance in EU.
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ScroteSep. 17, 2009 - 02:29PM JST

If 40% of French dairy farmers really do go bankrupt in three months the situation will resolve itself. Less supply = higher prices, so the remaining 60% of dairy farmers will be able to make a living. Problem solved, at no further cost to the taxpayer.
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TriumvereSep. 17, 2009 - 05:28PM JST

If 40% of French dairy farmers really do go bankrupt in three months the situation will resolve itself. Less supply = higher prices, so the remaining 60% of dairy farmers will be able to make a living. Problem solved, at no further cost to the taxpayer.

Ahhh. The wonders of capitalism; I wish someone would explain this to all those people who seem to seem to think that "the free market" is a some sort of magical fairy which goes around sprinkling economic success everywhere it goes. Ditto for the "capitalism has failed" crowd. Not, the boom and bust cycle is not a "failure" of capitalism, it IS capitalism. The only way out is regulation, but it's far too easy to break more than you fix.
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rajakumarSep. 18, 2009 - 06:38AM JST

Scrote- Why do French dairy farmers need to go bankrupt?

Is there abundance of milk supply globally?