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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 801431  
Subject: Re: Price Controlled Tortillas Date: 1/20/2007 7:09 PM
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President Felipe Calderon signed an accord with businesses on Thursday to curb soaring tortilla prices and protect Mexico's poor from speculative sellers and a surge in the cost of corn driven by the U.S. ethanol industry. >>

Interesting that ONCE AGAIN, environmentalists are willing to sacrifice the interests of poor people in order to carry out their policy objective to protect an abstraction called "nature."

Cheap U.S. corn has been a huge export product that has been feeding a good deal of the world at low cost for decades. With the ethanol program, farmers are getting a bonanza of high prices and the United States is getting a bonanza of foreign exchange from corn sales. Of course, the people consuming that food are paying sharply higher prices.

Personally, I find it FAR better policy to be taking energy for fuel out of the ground as oil rather than out of the mouths of hungry human beings, but environmentalists are SO entranced with their alternative fuel idea that nothing else matters much.

Seattle Pioneer

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