Food Economics

Did you know that subsidized goods often cost us more than we'd pay for them in the free market? In fact, we sometimes pay for goods that will never exist at all. It turns out that the free market in America is anything but. How did a system designed to safeguard American farmers turn into the nation's biggest scam?Most of us don't know what subsidies are and don't think they affect us directly, so we tune out. But they have an enormous impact on all of us.

The world food system is in crisis. Right now, just over one billion people in the world live in extreme poverty. Food shortages are not limited to third world countries and crops. Maybe genetic modification of food might solve the problem. Some people think this is the be-all and the end-all and cite this as a perfect solution for food shortages. This book takes a look at the economic crisis with special attention to the world food system.