> The impacts pushed a delegation of California lawmakers to ask the U.S. Department of Agriculture to provide financial support to the fruit growers.
Seems like the opposite of the free market. Large farmers are usually the first people lining up for a government handout, and their representatives are regularly anti-market types.
this is exactly right, all US farmers are basically socialists and they consistently vote for the one of the most socialists parties on the planet - the republican party
The Free Market magic hand™ does not apply to those who have capital and are facing losses. That's only when you don't have capital and are facing losses.
> The impacts pushed a delegation of California lawmakers to ask the U.S. Department of Agriculture to provide financial support to the fruit growers.
Seems like the opposite of the free market. Large farmers are usually the first people lining up for a government handout, and their representatives are regularly anti-market types.
this is exactly right, all US farmers are basically socialists and they consistently vote for the one of the most socialists parties on the planet - the republican party
We have 2 anti-capitalist parties right now that shower largess on on their favored interests.
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They’re selectively socialist.
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Isn't that what is happening, minus the government assistance?
The U.S. has not had any sort of Free Market in agricultural products since at least 1942 - https://en.wikipedia.org/wiki/Wickard_v._Filburn
Sure, there's plenty of puffed-up talk about having one. That's kinda like the talk about Santa bringing toys for good little girls and boys.
The Free Market magic hand™ does not apply to those who have capital and are facing losses. That's only when you don't have capital and are facing losses.
Exactly.
(I wonder why my comment has been deleted)
Did Del Monte's investors and lenders lose money? It would be strange if they didn't.
This is more in reference to the farmers.