Poverty Inc. Film Out This Autumn

Look forward to the movie Poverty Inc.

In the excerpts shown and discussed on Stossel, one was about how Haitian subsidized rice production destroyed rice farmers. Before subsidization, Haiti's rice production was normal and functional. After subsidization, Haiti's poverty only hastened.

It's a similar story playing out here in Quebec with daycare or whenever anything is subsidized. It distorts the market making things unequal and unjust.

There was no real reason to subsidize daycare. All it did was put in jeopardy the lives of private day care operators and create a gigantic mess of a bureaucracy rooted in fraud and obscene waste.

As I mentioned in a previous post, subsidization is evil to the extent it ends up costing us and the economy we operate in more in the long-run.

So much more.

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