NO GRINCH STEALS THIS CHRISTMAS. Dan Drezner comments on the latest footloose industry -- this time, candy cane manufacturing. The news coverage is particularly interesting, as the last word goes to Jack Roney, director of economics at the American Sugar Alliance, who asserts, "We would welcome the opportunity to compete globally if there were a level playing field. Sugar is dumped on the world market." Leave for the moment the fundamental concept that trading is inherently a quest for a playing field tilted in your favor (why else call it comparative advantage?), is the use of marginal agricultural land on the high plains of eastern Colorado to produce beet sugar that qualifies for export subsidies not dumping?

No comments: