If not the market then what?

Europe “should not leave the food industry in general, and the milk sector in particular, just to the law of market forces, which is the least social, ecological and economic law,”  . . . 

That’s the  French Agriculture Minister Michel Barnier urging his EU colleagues to listen to protesting farmers in Luxembourg.

He was responding to EU Agriculture Commissioner Mariann Fischer Boel.

 She had no magic wand to address their grievances, she said.

She implicitly criticised countries such as France and Germany for continuing to question the decision to lift quotas.

“It’s dangerous and irresponsible to foster unrealistic hopes on what we can do,” she said.

Quite.

If it’s not left to the market it’s up to governments and what can they do?

Government means the taxpayers who are also the consumers who’d pay more if quotos were lowered or producers subsidised.

Goverments have a role in welfare but any interference by them in the marekt will merely prolong the pain and delay the recovery.

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