They had high tariffs on butter to protect local suppliers … 90% of those local suppliers were part of the same co-op that ran the regulatory body which made decisions on tariffs.
Yeah, a supply/demand shock is what triggered the gun … but what loaded the gun and provided the ammunition was a self-regulating industry setting protectionist policies for themselves.
They had high tariffs on butter to protect local suppliers … 90% of those local suppliers were part of the same co-op that ran the regulatory body which made decisions on tariffs.
Yeah, a supply/demand shock is what triggered the gun … but what loaded the gun and provided the ammunition was a self-regulating industry setting protectionist policies for themselves.
Protectionism is only bad when the US does it. When Europe does it it’s beautiful DOP perfection.