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China's Bubble
China’s Suffering Corn Farmers
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  • Jacksonian_Libertarian

    Because of the Green Gestapo EPA’s alcohol in fuel mandate, US Corn prices tripled from ~$2 a bushel to ~$6 a bushel while raising the price everything in the consumer price index, giving the impression of inflation when there isn’t any. So, I have no sympathy for the Chinese problem. And look at the Japanese, they are resource poor as well, but in the 80’s everyone was saying they were going to pass America as the largest world economy. Lack of resources is just an excuse for bad management by the Government Monopoly, and the SOP for all monopolies, which always blame others, never accepting responsibility for anything. It is the “Feedback of Competition” that provides both the information and motivation which forces continuous improvements in Quality, Service, and Price in free markets. Monopolies all suffer the same disease, caused by the lack of the “Feedback of Competition”.

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