The Forum > Article Comments > Economic philosophy fails Australian agriculture > Comments
Economic philosophy fails Australian agriculture : Comments
By Ben Rees, published 25/11/2013Classical economics' Says Law incorrectly conflates productivity and profitability, creating problems for Australian farmers.
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Without any “anti-trust Laws” ADM would have been able to buy Graincorp unconditionally and if they chose to just shut down the silos and ports it would leave a lot of graingrowers high and dry.
You would not have any objection to any buyer having “Cubby Station” and using and polluting unlimited amounts of water even if it meant those downstream went without or found the water mfit for purpose.
I could go on but it is pointless.
What you are proposing is that the biggest bullies do what they like and the peasants have to bear the load which is pretty much how it is anyway with not quite enough sweeteners to keep our next generation of farmers, the keepers of intergenerational knowledge, farming.
In the absence of any other method to keep food producers producing, almost every other Western country has resorted to “handouts” to ensure that they do.
You claim to have refuted many of Ben’s arguments in your first two posts. In many cases it is simply your opinion and it is wrong.
“We are all using economic theory because without it, the facts, the data, of themselves, would just be billions of one-off transactions. We're all using theory, because the data cannot be interpreted without it” Jardine K Jardine.
Jardine, that is exactly what the free market is "billions of one-off transactions". If you are going to allow a totally free market you have no need at all to examine or interpret data. The market exists and without any intention to set policies you have no need to know what is happening .