*Hip Hop Republican*

Jun 29, 2007

Quote Of The Day

"Agricultural subsidies in the United States are at the heart of a deep crisis in world cotton markets. American cotton farmers are first among equals in the harvesting of subsidies, reaping windfall financial gains from government transfers. Rural communities in some of the world’s poorest countries suffer the consequences. While the US advocates free trade and open markets in developing countries, its subsidies are destroying markets for vulnerable farmers. No region is more seriously affected by unfair competition in world cotton markets than sub-Saharan Africa."

— OxFam report about the impact of U.S. cotton subsidies on Africa

1 Comments:

Blogger JS said...

This is very true, but you can't forget about the European agricultural subsidies in countries like France that are even worse. Considering the proximity of Europe to Africa, the fact that African agricultural products cannot be sold in Europe because of subsidies to European farmers is devastating.

5:42 PM  

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