Who would have known that Gov't subsidies actually repress African Cows? In the article “Brown urges end to ‘scandalous’ trade barriers”, I was informed that “more was spent on an average European cow every day than on a poor African.” This all has come about from subsidies and trade barriers put up but rich countries to hold back the poor countries. It costs poorer countries millions of dollars extra to trade and sell their cows because of the trade barriers.
Gordon Brown is the British Finance Minister. He went out on a limb Jan. 16th to boldly declare that unequal trade is being created by Gov’t subsidies and artificial trade barriers.
The idea in Brown’s speech is that we are holding poorer countries down while instituting our barriers and subsidies. By having a trade barrier, we’re making the competitive playing field uneven in our advantage. In effect, this will hurt us in the long rung. As we learn in economics, competitive companies benefit society in that prices are driven down and efficiency is driven up. At this point, barriers have done nothing but stunt this efficiency growth by keeping new foreign companies from entering into the market.
It's time to break the barriers and let the cows out!