A Quote by Hilary Benn

Rich country protectionism - barriers, subsidies and support - mean that the world supply of agricultural goods is artificially increased and world prices depressed.

Hilary Benn

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Agricultural Barriers Country Depressed Goods Increased Mean Prices Protectionism Rich Subsidies Supply Support World

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Hilary Benn
British - Politician
Born: November 26, 1953

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Peter Schiff

Let's get rid of all our subsidies together. Let's join hands as wealthy industrialised nations and say to the world, we're going to get rid of all our agricultural subsidies together.

George W. Bush

Once the Third World has become a mass market for the goods, products, and processes which are designed by the rich for themselves, the discrepancy between demand for these Western artifacts and the supply will increase indefinitely.

Ivan Illich

Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided.

Manmohan Singh

Where in the world have you seen construction people who do everything on time, with good quality and at minimal prices? Just give me one country like that. A country like that doesn't exist in the world, you know. There's not one such country anywhere in the world.

Vladimir Putin

I've had lengthy discussions with European farm leaders. It is clear they have an agricultural strategy to support their producers and gain dominance in world agricultural trade. They're gaining markets the old-fashioned way - they're buying them.

Kent Conrad

As it is, the grotesque distortions of the global market mean that for every dollar the West dispatches to Africa in the form of aid, two dollars are clawed back through subsidies and tariff barriers: a monumental rip-off by the rich as they instruct the poor to accept 'free' trade or else.

Jonathan Dimbleby

As to the latter point - that by having a child in America you are somehow starving a child in Bangladesh - remember that agricultural economics is not a zero-sum game. Farmers want to make a living, so as demand increases, so does production. Not only that, but agricultural productivity has increased so rapidly that in some countries the government pays farmers not to plant crops in an effort to keep food prices from dropping.

J. Budziszewski

There is enough oil out there for world demand. It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply.

Barack Obama

The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined.

John Bruton

I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and by the various schemes for agricultural restriction. The latter, in particular, I should strongly support in principle. But too much emphasis on the remedial value of a higher price-level as an object in itself may lead to serious misapprehension as to the part which prices can play in the technique of recovery. The stimulation of output by increasing aggregate purchasing power is the right way to get prices up; and not the other way round.

John Maynard Keynes

Agricultural products ranging from citrus and dairy to beef and chicken face stifling tariffs or nontariff barriers in many countries around the world.

Matt Gaetz

Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.

Thomas Sowell

I'll also make sure that America has trade relations with China that work for us. I've watched year in and year out as companies have shut down and people have lost their jobs because China has not played by the same rules, in part by holding down artificially the value of their currency. It holds down the prices of their goods. It means our goods aren't as competitive and we lose jobs. That's got to end.

Mitt Romney

Rich widows are the only secondhand goods that sell at first-class prices.

Benjamin Franklin

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

Hans F. Sennholz

A Quote by Hilary Benn

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