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army1987 comments on AALWA: Ask any LessWronger anything - Less Wrong
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Actually I am under the impression that the main effects of agricultural subsidies are to make food cheaper for people in the First World who are already eating (more than) enough, while making competition for Third World farmers much harder.
I've seen a relatively upbeat spin on that phenomenon, although I'm not sure how seriously to take all of that article's empirical claims.