subsidizing industry is a form of protectionism.
I just find it remarkable that Mises.org would have an article related to the one piece of pork that everyone is jumping on Ron Paul for.
Actually someone posted Dr Paul’s position on this issue with a bill he once introduced to aid the shrimpers: get rid of the BS fedgov regulations and stop sending U.S. taxpayers’ money to countries that subsidize THEIR shrimping industry... like the very ones mentioned in this piece. I find it an excellent way to help out our own and reduce government and spending by some amount at the same time. What’s NOT to like???