Out of Control Policy Blog

You mean subsidies create distortions?!

The only thing worse than seeing tax dollars going to subsidise an industry thanks to skillful lobbying is seeing the dollars go into a declining industry, as with fishing in Britain.

The number of British fishing boats, fishermen, and the value of their catch has declined by nearly 50% in recent years, while subsidies grew by 50%. In a most dubious honor, fishermen each rake in 30% more subsidy than does a British farmer.

Well, you know they say that in the subsidy game, nothing succeeds like failure. . .

Adrian Moore is Vice President, Policy


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