If we follow the EU lead on this and it does take, I expect in short order the US government to pass some Farm aid bill that further passes the cost on to taxpayers, and for enforcement to be haphazard for ~decade or more.
We can't regulate anything correctly in the US, it seems. Only recently have I ever seen, in my entire adult life, the FTC have any real teeth, and I doubt it'll last
Thats my point in not so many words (typical American fashion!). We'll likely pay for both while the businesses don't actually have to bear any real due to subsidies but they won't get passed on to the consumer, they'll just capture the profits
>in my entire adult life, the FTC have any real teeth, and I doubt it'll last
It's one of those situations where the people involved are so over powered by those they are meant to govern/regulate, that there's little chance of them being anything but toothless. The only time they seemingly act is when the acts are so large and publicly visible, that the only way to save any face is to publicly react. For the things that slide under the public's radar, they don't have resources for it and just let it go. At least, that's how it appears to me.
Don't worry, the EU can't regulate effectively either, they just end up making life harder for everyone, while the insiders, large producers and corrupt politicians continue to make out like bandits, just like here. They are just better at throwing you a couple of morsels to distract you at what's really going on. Prime example my relatives experience daily: they can't do anything to stop trade fraud with extra virgin olive oil or cheeses.
I'm tired of everyone romanticizing the EU here, it's full of all the same corruption and regulatory capture issues as America. I question whether even a fraction of you have ever lived there.
We can't regulate anything correctly in the US, it seems. Only recently have I ever seen, in my entire adult life, the FTC have any real teeth, and I doubt it'll last