Attention Economy


Sunday, December 8, 2013

A Classic Example of Subsidies, Corruption and Trade Distortions

Washington Post piece on subsidies to the US sugar industry and the associated political influence makes for a fascinating read:

According to the Washington Post article:
“The industry is tiny in comparison to other agricultural commodities, but it outspends all other crop sectors combined on political-action-committee contributions to federal candidates. Sugar interests have spent $49 million on federal campaign donations and lobbying over the past five years.

On average, sugar farmers and employees gave more than five times as much money to members of Congress who sided with the industry than to members who did not, according to an analysis of key votes conducted for The Washington Post by the Center for Responsive Politics.”