As the agricultural sector in the United States crumbles, the Wall Street journal reports that corn imports to the United States from South America are increasing at breakneck pace. This increase in imports is occurring as the movement of domestic corn to market has slowed to a trickle. Contributing to this structural problem is how much cheaper it is to move grain from South America by ocean than it is to move it inside the United States by rail. Rail transport prices remain high even as an increasing number of rail lines are being taken out of service and converted to trails for bicycle and pedestrian use. The continued growth of these intertwining problems is highly suggestive of the possibility that the United States has an actively undeveloping economy, a fact that creates opportunities for the actively developing economies in South America exploiting structurally broken US markets.
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Qntra - Herald Of The Most Serene Republic |
Americans still think corn is food?
> Centipede says:
I think Centipedes are food.
Your mom sure eats my impressive length.
> how much cheaper it is to move grain from South America by ocean than it is to move it inside the United States by rail.
Because the railroads in the US are bloated hideous lardballs fed on a century or so of government largesse?
They don't call it "getting railroaded" for nothing.
Not to mention many trains are still full of cheap coal and oil on the remaining rail routes.
The other side of this equation being of course the rape of Argentina.
Meh link got eaten. http://btcbase.org/log/2016-02-18#1409318