Perhaps in connection with the latest court appearance today and yesterday of five men charged in connection with the October 2, 2015 raid on Glencolton Farms, The National Post and the Financial Post have recently run stories highlighting the absurd amount of money which the government has been spending on prosecuting farmer Michael Schmidt and his friends over what amount to victimless crimes of supplying raw milk to people who want it.
Tag Archives: Financial Post
“We can’t suggest we become dirtier and expose our children to more bacteria,” said Dr. Moshe Ben-Shoshan of the Division of Allergy and Clinical Immunology at Montreal Children’s Hospital. Our determination to prevent disease may lead to more allergies, he believes, but if so, it would be worth it. “If the price of having fewer allergies is more infection, I don’t know any parent who would expose their child to more infection.”
Dr. Ben-Shoshan, lead author of a study just published in the Journal of Allergy and Clinical Immunology, is both wrong and wrong-headed. Wrong because parents in their thousands, perhaps hundreds of thousands, willingly expose their children to infection. Wrong-headed because he has no basis to assert that dirt and bacteria hurt children more than they help them. Evidence abounds to the contrary. Continue reading
Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food.
“Demand and supply certainly matter. But there’s another reason why food across the world has become so expensive: Wall Street greed.
It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there’s value, there’s money to be made. In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat. They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI). Continue reading
Colin Busby and William Robson discuss possible solutions to the damage caused by supply management to Canada’s food economy. Here’s an excerpt from their opinion piece in the Financial Post, titled “Free up our food supply — phase out farm quotas“:
“Since the early 1970s, “supply management” has subjected Canadian dairy, poultry and egg production to government-mandated cartels. Introduced to increase producer power vis-à-vis intermediaries and consumers, and thus raise farm incomes, supply management supports higher-than-market prices by administering producer prices and restricting farm output through production quotas, while high tariffs prevent food processors and consumers getting alternative supplies from abroad. Continue reading