The Congress is still fighting tooth and nail to keep the U.S. Sugar Program alive. The protectionist legislation, which keeps U.S. sugar prices high by restricting imports, benefits a tiny number of sugar producers at the expense of about 300 million Americans.
Thanks to consumer-driven market pressure against soda makers and others who use corn syrup, food manufacturers are trying to get access to cheap sugar. No such luck. They apparently haven’t figured out that U.S. law exists to benefit the politically well-connected at the cost of everyone else. You’d like food made with actual sugar? Well too bad, you’re going to have to pay more for it to make some rich guys even richer. It’s like U.S. banking policy writ small.
2:43 pm on July 7, 2012
