Date : March 14th, 2010Category : UncategorizedAuthor : Editor8 Comments
“But a reporter raised an issue about which Obama possesses more influence – dealing with American protectionism that hurts Kenyan farmers. Why, asked the reporter, do Americans retain farm subsidies and tariffs that prevent Kenyan farmers from competing in the world’s biggest market?”
“Obama’s response? He talked about the soybean farmers in Illinois, and said, “It’s important to me to be sure I’m looking out for their interests. It’s part of my job.” Absolutely incredible.”
“What should Obama have said? “You’re right. America is a rich nation. You are a poor one. Poor nations generally turn into rich ones by starting out with agriculture. So when I get back to Washington, I’m going to tell my colleagues about the devastating real-world effect American protectionism has on poor nations.”
Protectionism among rich countries leads to higher prices and is a contributor to poverty in 3rd world nations. If not for protectionism, we could get cheaper goods from countries such as Kenya, and they would benefit by having a market for their goods.
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