Worldwide? Not necessarily, no. Most of the growth in beef demand in particular is in developing nations. Subsidies increase access, but they don’t create demand in and of themself
In my country meat is heavily subsided and if was put to market at true price less people would buy it.
They don’t remove them because It would piss off a lot of business to remove the subsidies overnight and many would lose jobs. But I say fuck them, it’ll work out in the long run
isn’t it heavily subsidized? I appreciate that you’re using a textbook definition of capitalism but that’s not how anything actually works.
Worldwide? Not necessarily, no. Most of the growth in beef demand in particular is in developing nations. Subsidies increase access, but they don’t create demand in and of themself
In my country meat is heavily subsided and if was put to market at true price less people would buy it.
They don’t remove them because It would piss off a lot of business to remove the subsidies overnight and many would lose jobs. But I say fuck them, it’ll work out in the long run
If something is significantly lowered in price, wouldn’t that affect demand? If not, why would it suddenly work differently?
You should also see how much of the EU budget directly goes to farming. That’s just direct subsidies, there’s also loads of indirect ones.