From the May 1970 issue of the Socialist Standard
In accordance with the economics of capitalism. governments continue to finance the non-production and even the destruction of wealth in a bid to restore profit levels.
"Europe", claims the President of the Common Market's Agricultural Commission, “is drowning in a sea of milk and in a morass of butter”. (La Stampa, 8 February 1970). Even though butter stocks in the Common Market amount to one year’s British consumption it is not true to say that there is too much milk or butter in Europe compared with what people need. There are many especially in the immigrant shantytowns of France and Italy who lack enough of these basic foodstuffs. What Dr. Mansholt means is that more milk and milk products have been produced than can be sold at a profit
The only solution under capitalism, where production is geared to meeting market demand rather than human needs, is to get rid of the unprofitable surplus and to take steps to ensure that the productive system's capacity to produce abundance does not again disrupt the market and threaten profit levels. Accordingly, Common Market farmers are now being paid to destroy some of their cows and to feed milk to their pigs. Between 9 February and 30 April some 330,000 cows should have been slaughtered.
In accordance with the economics of capitalism. governments continue to finance the non-production and even the destruction of wealth in a bid to restore profit levels.
"Europe", claims the President of the Common Market's Agricultural Commission, “is drowning in a sea of milk and in a morass of butter”. (La Stampa, 8 February 1970). Even though butter stocks in the Common Market amount to one year’s British consumption it is not true to say that there is too much milk or butter in Europe compared with what people need. There are many especially in the immigrant shantytowns of France and Italy who lack enough of these basic foodstuffs. What Dr. Mansholt means is that more milk and milk products have been produced than can be sold at a profit
The only solution under capitalism, where production is geared to meeting market demand rather than human needs, is to get rid of the unprofitable surplus and to take steps to ensure that the productive system's capacity to produce abundance does not again disrupt the market and threaten profit levels. Accordingly, Common Market farmers are now being paid to destroy some of their cows and to feed milk to their pigs. Between 9 February and 30 April some 330,000 cows should have been slaughtered.
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