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Thread: What is "rent-seeking"?

  1. #21
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    Quote Originally Posted by Xtrema View Post
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    Don't recall the logistics but was surprised Harper went after the CWB but not the CDC.
    No one can touch the dairy cartel.

  2. #22
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    Quote Originally Posted by Xtrema View Post
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    Don't recall the logistics but was surprised Harper went after the CWB but not the CDC.
    Was cheap to go after the wheat board. Privatize it, sell the majority to the Americans and Saudis, make a bit of money and fulfill an election goal. No real losing position aside from annoying some farmers (who lets face it were going to keep voting for them anyway). But selling it off wouldn't guarantee bankrupted farmers or cause high job losses so it's low risk, moderate reward.

    The problem with the dairy cartel is that it isn't cheap to get rid of. You either subsidize the hell out of the dairy farmers like other countries do, or let the industry die as well as with the economic activity that goes along with it. Going to cost billions either way. This past year would have been the time to jump to the subsidized model like the U.S. and Europe. It would get lost in all the other massive deficit spending with the 'Covid budget', and the associated cheap dairy would keep people happy as everything else is rising. But that wasn't on the table for Harper. Couldn't pay billions to keep up with U.S. subsidies and try to balance the budget, and couldn't let the industry go under and have all the job losses and lost tax revenue either and expect to get elected.

  3. #23
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    Quote Originally Posted by JRSC00LUDE View Post
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    But if not for this, I feel like my worst performing cdn bank portfolio piece would not be such a robust 35 percent (thank you Covid).
    lol yea, I wouldn't bitch about gas prices if I had OG in my port but I don't so I hate gas prices lol
    Conversations like this can be intense.

  4. #24
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    Quote Originally Posted by kertejud2 View Post
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    The problem with the dairy cartel is that it isn't cheap to get rid of.
    hold my beer

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    Quote Originally Posted by suntan View Post
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    No one can touch the dairy cartel.
    Dairy is probably still easier to tackle than the Maple Syrup cartel.

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