Repeat after me:
"There is no rice shortage in the Philippines".
"Do not trust politically inclined persons spouting useless populists policies to be paid for by tax payers".
"Blame CARP."
"Blame growing middle class."
" Go, go Power Rangers."
Food prices all over the world are skyrocketing. Even Italians are fretting about their pasta. Why are prices rising? Drought, less land for growing food, market distortions (think, Ethanol related subsidies, any farm subsidies).
In the Philippines, unscrupulous traders are reselling royally expensive rice, purchased and imported by the government (AT THE EXPENSE OF TAX PAYERS like, uh..., me), at current market price rather than subsidized government price. This is why I hate government in business and price subsidies. Tax payers lose, twice. Thrice. Who knows how many times tax payers get stabbed. Slashed. Drawn. Quartered.
There is no shortage, prices are going up.
There is no shortage, prices are going up.
There is no shortage, prices are going up.
There is a shortage of CHEAP rice, a species which may no longer exists beginning A.D. 2000 bought about by rising food prices ALL OVER THE WORLD (...there's a kind of hush, all over the world... tonight...) and perpetually stoopid government policy and unscrupulous traders.
