Carrots: Too Important to be Left to the Market
Brian Ferguson at Canadian Econoview takes note of a story that carrots and other vegetables may become important in many manufacturing processes:
Can you imagine it? Driving around in cars that are eighty per cent carrot? Flying in aircraft made out of turnips?
Clearly there are policy issues to be considered here. For example, give the immense potential of curran, it'll be important that we not be dependent on foreign, and possibly hostile, producers of carrots. There will have to be Pigovian subsidies to encourage the production of curran, and indeed of carrots themselves. And since industrial uses will compete with demand for carrots for human (not to mention rabbit) food uses, we'll need a central carrot governing body to allocate the crop between the various uses. Carrots are, after all, too important to be left to the market. And obviously we're going to need a strategic carrot reserve.
There's no time to waste. We've got to hop to it. Right now.
Category: Economics, Energy, Food, International Trade Posted on
Sunday, February 18, 2007 at 11:12pm
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