martes, 22 de abril de 2008

The Silent Partner y las subvenciones

"There isn't one grain of anything in the world that is sold in a free market.

Not one!

The only place you see a free market is in the speeches of politicians. People who are not in the Midwest do not understand that this is a socialist country."

Dwayne Andreas

Mientras discutimos entre compatriotas si el Negro va a la Derecha y el Blanco a la Izquierda, ciertos individuos corporativos siguen cobrando.

Y esperan cobrar más sin importar el resultado de la refriega.

Estos Socios del Silencio apuestan por ambos contendientes, son especialistas del Libre Mercado y del Mercado Controlado.

Con o sin Retenciones, con o sin subsidios; son los primeros en la fila de pago.

Al fin de cuentas, ellos son Banca.

En realidad quería escribir sobre la importancia del control sobre la distribución de alimentos, y como se generaban Rentas Extraordinarias perjudicando a Consumidores y Productores.

Y busque un caso en la Patria de la Libre Empresa, USA.

Archer Daniels Midland Company, o ADM, es el mejor ejemplo que pude encontrar con mi ingles de maquina.

Price fixing

In 1993, ADM was the subject of a lysine price fixing investigation by the U.S. Justice Department. Senior ADM executives were indicted on criminal charges for engaging in price-fixing within the international lysine market. Three of ADM's top officials, including vice chairman Michael Andreas, were eventually sentenced to federal prison in 1999. Moreover, the company was fined $100 million, the largest antitrust fine in U.S. history at the time(1997).[2] In addition, according to ADM's 2005 annual report a settlement was reached under which ADM paid $400 million in 2005 to settle a class action antitrust suit

Using the investigation as an example, Ronald W. Cotterill of the Food Marketing Policy Center at the University of Connecticut shows that 100 percent or more of overcharges resulting from price fixing are passed through to consumers

The Cato Institute, como fuente insospechable de enemistad manifiesta hacia la Inversión, publico un artículo sobre ADM.

The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM and its chairman Dwayne Andreas have lavishly fertilized both political parties with millions of dollars in handouts and in return have reaped billion-dollar windfalls from taxpayers and consumers. Thanks to federal protection of the domestic sugar industry, ethanol subsidies, subsidized grain exports, and various other programs, ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30

One of the most politically charged debates in Washington revolves around business subsidies known as "corporate welfare." A number of policy organizations have published studies examining the corporate welfare phenomenon: what qualifies as corporate welfare, how much it costs taxpayers, and how much it damages the economy. This study examines the dynamics of corporate welfare somewhat differently by investigating ADM as a classic case study of how those subsidies are obtained, how the welfare state encourages such "rent seeking," and how such practices fundamentally corrupt the political life of a nation. Congress's expressed desire to foster a free marketplace cannot be taken seriously until ADM's corporate hand is removed from the federal till.

La conclusión se la dejo a Uds., yo ya me exprese sobre donde hay que operar y a quien hay que aplicar las Leyes de Abastecimiento.

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