Wednesday, November 7, 2007

Michael Gerson - Cotton and Conscience - washingtonpost.com

Michael Gerson - Cotton and Conscience - washingtonpost.com
Excerpt:

Who benefits from the current system of subsidies? About 20,000 American cotton producers, with an average annual income of more than $125,000 -- a portion of which goes to hire lobbyists. And these lobbyists do their work well. Even after the World Trade Organization in 2005 found U.S. cotton supports to be illegal, Congress made only cosmetic changes in policy. And recently the compliance panel of the WTO reaffirmed that America remains in violation.

Who would benefit from a reform of subsidies? A recent report by Oxfam America, " Paying the Price," estimates that family incomes for perhaps 10 million people in West Africa would increase by 2.3 to 5.7 percent. This extra cash would feed an additional 1 million children a year, or pay the school fees for 2 million children, or allow farm families to pay for medicine and buy fertilizer to increase their yields.

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