Business: News in the Caribbean - Caribbean360.com
there's been a lot of wailing about inflation and rising food prices, especially here in Trinidad and Tobago. One thing that I keep hearing, that never fails to astound me is "Milk is too expensive. The Government should lower the price"
So - does this mean that the government has a milk farm, and a processing plant, distribution facilities, and that they are selling the milk from a Government store? That's the only way that they can really lower prices - and since that isn't so... well - what can the Government do? There are already few or no taxes and duties on imported milk, for example. But if there is a worldwide shortage of milk, (as there is) and the price goes up, how can the T&T Government "reduce" the price?
I think that many of my conterraneos are woefully ignorant of the realities of a global capitalist society.
But this article does a good job of explaining the external forces that are pushing food prices up.
My thoughts on life, life in Trinidad and Tobago, getting older, technology, ICT and policy, internet governance, crime, grammar (one of my pet peeves) and whatever else.
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