Jim gave a good summary of the argument. I would only add two points. First, when the peasant farmers succumb to the subsidized imports, many will go to the cities. Second, on the farms, they produced their own food. The market will regard them as failures as because it only concerns itself with the net produce -- what is left over after the farmers consume their own crops. In contrast, traditional societies are more concerned about gross production.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
