Acton Institute Powerblog Archives

Post Tagged 'cotton'

Subsidies at Home, Suffering Abroad

In today’s NYT: “Oxfam Suggests Benefit in Africa if U.S. Cuts Cotton Subsidies.” “Eliminating billions of dollars in federal subsidies to American cotton growers each year would reduce American cotton production and exports, raise world prices by about 10 percent and modestly improve the incomes of millions of poor cotton farmers in Africa, according to a new study by Oxfam, the aid group.” About how many other industries could a similar thing be said? Continue Reading...