Sunday, September 20, 2009

Stupid People the World Over

As I read the Dem-Gaz yesterday it was once again hammered home to me just how many stupid people there are on this planet. Clueless. Without understanding.

Take France for example. Hey, I know, the usual shtick on France is to joke about how poorly they perform in wars. I am not going to go for the cheap laughs. After all, most of their wars have been against Germany and England. They are in a tough conference.

No, I want to talk about the story that describes how French dairy farmers dumped almost a million gallons of their product on a monastery that is a popular tourist destination in order to "denounce the slumping price of milk", along with an EU plan to end production quotas.

Does anyone else see the supreme idiocy of protesting slumping prices of a product? The market is trying to send the farmers a message. Not enough people want enough of their product at a price the sellers of that product want to charge. The result is a lower price. In America, we recognize that as a market problem, but so dependent on government are the French dairy farmers that they see it as a political problem. That somehow protesting against market forces will change economic reality.

The insane thing is, idiocy may pay off. Authorities in France and other countries have largely supported the farmers. The French Minister of Agriculture said, "To be forced to spill milk and waste it in the fields is a sign of great desperation". Forced to waste it? Who forced them? They chose to waste their already-gathered product defacing the private property of others.

This is where we are headed if our own countrymen don't start facing reality. Everyone will look to the government to change the price of what they are selling to a figure more to their liking. Or, as in the case of health care, buyers will try to force the price down to a price more to their liking. The latter will produce shortages every time, the former will produce a glut every time. Both are wasteful and ultimately destructive of prosperity for the whole nation.

The only way to avoid shortages and gluts is to have government subsidies. That is to say, the price will not really be changed, but only the apparent price to the end user. This results in over-consumption every time, as in if you are paying half the bill I will have the steak and lobster. So we will all order steak and lobster expecting the other guys to get much of the tab, and the only possible outcome is that we will over-consume for dinner after dinner until we are broke.


Anonymous Realist said...

And . . . many of the dollars that are spent on the overconsumption will go elsewhere, not dissimilar to the Cash-4-Clunkers program. The banks, insurance & car companies should have been allowed to fail, and whatever company or companies emerged from the ashes would have been better, smarter[perhaps], & offered a superior product or service to consumers. Instead, government interference in the marketplace does funny things to both the producer and the consumer, usually with bad results for both.

"Since the govt. is picking up half the tab, I'll have the steak & lobster."
"Honey, did you remember to make an appointment for my angioplasty? It's a good thing the govt. is paying for my heart surgery too, b/c after all those steaks & lobsters, I can't afford it."

9:03 PM, September 20, 2009  
Anonymous Anonymous said...

Tout d'abord je ne parlerai pas en anglais même si je peux le faire car après tout, toi qui est si malin et qui à l'air de si bien connaitre la France tu devrais être capable de de parler notre langue!

Ton allusion aux guerres françaises perdues est pathétique et prouve que tu n'y comprend pas grand chose en fait les americains sont dans leur grande majorité des incultes lorsqu'il s'agit de parler d'autre hose que de l'amérique...

Alors, aller parler du problème des quotas laitiers en europe c'est un comble!
Ah putain tu ne comprends pas? Ouvre toi au monde et aux autres cultures connard, ça te fera du bien et ça t'évitera d'applaudir Bush quand il se fait élire une 2ème fois, la guerre en afghanistan Numero 2(encore plus con que les Russes), le "marche ou crève" en matière d'emploi et d'assurance maladie, la peine de mort et ces 300 non coupables exécutés, les fausses armes de destruction massive en Irak, et j'en passe!

By the way... do you remember why you don't have a queen but a president ?


8:26 AM, December 02, 2009  

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