Right now prices are moving up and up in dairy trading on the CME. Generally, this means dairy farmers will go back to sleep but, this is the time to think about the dairy system.
The dairy system is more than just price. In the end, the only reason for government involvement is the public's interest. Thinking about the public's interest is tricky in the era of Wal*Mart shopper.
Cheap dairy products hauled all over the world might seem to be in the public's interest but, is it in a time of high oil prices?
We like to think that capitalism and our system is the best, however, in the entire history of the world there has never, ever been wealth generated as fast is presently occurring in China under communism. China is using the old idea of greed as if they invented the concept.
At some point, the question needs to be asked, what kind of people do we want to be?
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http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=CNY
ReplyDeleteThis 2010 article states that China's growth is a result of the change from central planning to a free-market economy based on exports.
Doesn't fit with your idea of China.
If central planning doesn't work for China why should it work for the US dairy industry?
Jeff Burdick Sr.