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Showing posts with the label Free Trade

Foreign Educated Bubble Headed Technocrats - Comparative Advantage and Free Trade

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One of the country’s top Economic adviser is advocating that we should do away with Food Security and open the flood gates to imports. This is what happens when we buy into the theoretical Economic Principles. We all understand the concepts and principles of Comparative Advantage and Free Trade but the devil is in the implementation. What happen to countries with too few Comparative Advantage? How do they survive or even afford imports even if it is cheaper. This leading Economic Adviser is advocating that we should not be too concern with Local Production and Food Security because protecting Local production will increase the cost of living and lower the standard of living. What he failed to realize is that without local production, we would not have local employment, unemployment would increase. Local Production increases employment and increases wealth distribution and without employment and wealth we would not have the money to even buy cheaper imports. This is why I call them...

Food Insecurity causes Food Contamination

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I am a massive advocate of the “Consume what you Produce and Produce what you Consume” principle, especially with regards to agricultural and food production. I think a country like Jamaica should get most of what it consumes from local sources and only import the things it needs, not want and that are required for the production process. This principle also affords us greater control over our food supply as it allows maximum control over the entire process from the farms to the processing plants and finally to our tables. Events taking place in the United Kingdom have only served to support my argument even more, the British woke up to find out that the beef they thought they were consuming was in fact horse meat and in some reports donkey meat have also entered the food chain. It also seemed that finding out what was in the food was the easy part but trying to locate the source or sources of the contamination was another matter altogether, they are still trying to follow that...