Probably not, but he did make the same point about subsidizing US ethanol production in last night’s presidential debate that I made in my piece here yesterday. He also said “I support buying the ethanol from Brazil made from sugar-cane” which has hugely excited the Brazilian media – which is fairly staunchly pro-Obama in all other respects.
Without wanting to belabour my point from yesterday, Obama’s position on this is part of the sloppy thinking on the left which often results in them getting foreign policy so wrong. There is a knee-jerk hostility to free trade on much of the left and, time and again, it leads them to take positions, such as trying to insert “human rights clauses” into trade agreements, which can actually do enormous harm to the people that they are trying to help.
I will leave the last word on US-subsidized ethanol to Paul Krugman. “Bad for the economy, bad for consumers, bad for the planet — what’s not to love?”
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I read it for the feminist insights
lol
That might just be the best comment I’ve ever read on a blog. Made me lul =)
I read it for the radical Marxism.
heh.
While I’m broadly a free marketer, I think its kinda easy to blamer sloppy thinking just on the left.
Firstly, Republicans are no proper free marketers, they’ll just use free markets to hurt the constituencies (auto workers) while protecting constituencies that support them (farmers).
Secondly, I think people on the left cannot be completely blind to the short term devastating impact that free markets can have on local communities. In many cases, especially for developing economies, I’m all for protectionism.
In this particular case though, I have no real opinion. I think energy consumption shouldn’t be shifted to ethanol either… it should be renewable energy that should be invested in.
Sunny, in what sense is ethanol non-renewable? Sugar cane grows back each year
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