25 Oct '11, 4pm

How Crony Capitalism Dominates the Sugar Business

How Crony Capitalism Dominates the Sugar Business

Next time I unwrap a candy bar, I'll think about sugar, free markets, the Florida Everglades and Monica Lewinsky. Why? Because although the sugar in that candy bar may be natural, its price is entirely artificial -- depending, as it does, on government trade barriers, price supports and subsidized water, as well as the fact that the sugar industry is paying only a fraction of the costs of cleaning up pollution in the Everglades. Put simply, crony capitalism is alive and well in the sugar business. "The sugar industry doesn't make its money from agriculture," declares David Guest, a lawyer with Earthjustice and an outspoken critic of Big Sugar. "They make it from government." That's an exaggeration, of course. The Florida industry grows lots of sugar, invests hundreds of millions of dollars in new equipment and employs thousands of people, as I learned last week during a da...

Full article: http://www.greenbiz.com/blog/2011/10/25/how-crony-capital...

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