Entry 7: Government Farm Subsidies

Government Subsidies are supposed to help small business, in this case, small family farms, achieve competitiveness by enabling them to set their price relatively the same as big farms through financial aid. When the government wants farmers to set their price low so poorer Americans can afford them, it is essentially paying off the cost for the farmer and therefore paying for parts of the product for Americans. The point of view of the video is that, although subsidies for farm sounds like a good plan, spending money financially supporting small farms so they would charge less to the public, it is actually not helping the intended population, the poor Americans. The video argues that the reason the government subsidies is not helping is because government subsidies is essentially giving money to people without any limitations or restrictions. You can pay the farms but in the end the price of farm produce still goes up and the money from the subsidies don't go to the poor Americans. The reason this happens is because the subsidies are going to the rich farmers. This is because the rich farmers look for loopholes to exploit these subsides. I do agree that subsidies are a waste of money, in terms of farm produce, because there is really no competition to the rich farmers. Also, because the money are going to the people who don't need them, it is actually facilitating the eradication of family farms. However, I think the principle of farm subsidies is good because essentially, if the system works out, it would help farmers gain an edge. On the other hand, subsidies in farm are largely unnecessary  In my opinion, in the agricultural industry, it's hard to gain a monopoly, and because of that, the supply and demand would be steady, and therefore, government intervention is not necessary. I believe that if there are no immoral or illegal exploitation of other businesses or system then the government should not interfere. It's also true in other businesses. A national government should not provide subsidies for local business. I think that financial assistance for local business  such as a small grocery store, should acquire aid from the local or state government to compete with the multibillionaire chain stores. I think education subsidies are important though. This is because education is in essence the backbone of a country. For a country to flourish, much investment is needed in education and the improvement of the next generation should not depend on the financial ability. The people should support the government's advancement and therefore support the advancement of the next generation.