August 7, 2015
By John Tammy
Recently first tier Republican presidential candidate Marco Rubio was asked about his support of federal sugar subsidies. It was a reasonable question considering the Florida senator’s oft-stated aversion to business handouts. Rubio responded with:
“I’m ready to get rid of the loan program for sugar, as long as the countries that export sugar into the U.S. get rid of theirs as well, and here’s why: Otherwise, Brazil will wipe out our agriculture and it’s not just sugar.”
“I’m prepared to say, absolutely, we should change the law so that as soon as countries get rid of theirs, we get rid of ours, and then there will be a free market for being able to sell food. Otherwise these other countries will capture the market share, our agricultural capacity will be developed into real estate, you know, housing and so forth, and then we lose the capacity to produce our own food, at which point we’re at the mercy of a foreign country for food security.”
Unfortunately, Rubio’s answer either revealed impressive ignorance on his part about basic economics, a crony capitalist streak within the Florida senator that he would rather have kept hidden, or perhaps both.
Read the full article at Forbes: Marco Rubio's Big Sugar Embrace Flunks Basic Economics