DAS Blog

... the only way to find out what's happening in the world is to know someone who very carefully combs through The Hindu and sends you links. I've been saying this for years, but you'd never see something like it in the American media, now would you?

When it comes to high food prices, on the right they like to blame "dirty hippies with their bio-fuels", on the left big-agribusiness, meat eaters, etc. And everybody blames government subsidies. But maybe the markets themselves are problematic? A market sometimes is a good thing -- it provides people with a way to profit from distribution and hence incentivizes distribution. But that profit has to come from somewhere: almost, literally in this case, there is no free lunch. If people are profiting, their is cost added, so we consumers have to pay more. A market "taxes" just like a government distribution program requires tax money to function. Why don't people realize this? Why can't people add?

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Update: I wonder whom Daniel will call an "idiot" in re. this?