Had they been able to let the market set the price of milk
They do that in the US. Farmers sell their milk for under production cost and then beg the US government for billions in handouts and every politician, liberal or conservative, is more than happy to throw money at them.
And let’s also start buying American milk, if we fuckin want to.
If the US government stops handouts to US dairy farmers, then I would support it. If they don't, it's not a fair market when they can sell below productions costs.
And this is why “supply chain management” (centrally planned economy or state set prices) fails.
Not really. The alternative is to leave prices up to market forces, in which case they'd be spiking naturally naturally due what's happening in the economy.
The only difference here is we have a commission who sets the prices, and that commission is saying "Looks like the price is going to have to go up due to what's happening in the economy".
They do that in the US. Farmers sell their milk for under production cost and then beg the US government for billions in handouts and every politician, liberal or conservative, is more than happy to throw money at them.
If the US government stops handouts to US dairy farmers, then I would support it. If they don't, it's not a fair market when they can sell below productions costs.
Not really. The alternative is to leave prices up to market forces, in which case they'd be spiking naturally naturally due what's happening in the economy.
The only difference here is we have a commission who sets the prices, and that commission is saying "Looks like the price is going to have to go up due to what's happening in the economy".
The price would spike in either case.