Local sugar firms need a ban on imports to sell.
Reason: imported sugar is cheaper.
So, Consumers pay more & still, are forced to bailout them out!🤷
They won't sell at competitive prices & won't be profitable!
Why can't they produce competitively?
The answer is the solution.
Reason: imported sugar is cheaper.
So, Consumers pay more & still, are forced to bailout them out!🤷
They won't sell at competitive prices & won't be profitable!
Why can't they produce competitively?
The answer is the solution.
These firms need neither protection from imports nor bailouts.
Consumers shouldn't be forced to buy sugar at higher prices, when alternative lower prices exist, just to enable inefficient domestic firms sell.
Bailouts, by same consumers, is an abominable injustice.
Consumers shouldn't be forced to buy sugar at higher prices, when alternative lower prices exist, just to enable inefficient domestic firms sell.
Bailouts, by same consumers, is an abominable injustice.
Consumers can't be locked into higher sugar prices to sustain inefficiency into eternity & still be forced to pay for the same inefficiency. Sugar politics must be put to death.
Sugar firms must become efficient, produce competitively & compete with imports, or be left to die.
Sugar firms must become efficient, produce competitively & compete with imports, or be left to die.
An economy that operates with such huge subsector-wide dead weight losses (include our energy sector) cannot progress.
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