What does McWilliams mean by "perverse" subsidies? Define and/or illustrate with an example. Draw a connection between perverse subsidies and the externalized costs (negative externalities)
Question:
What does McWilliams mean by "perverse" subsidies? Define and/or illustrate with an example. Draw a connection between perverse subsidies and the externalized costs (negative externalities) that we discussed in a previous module.
((This is the previous module: (Week 2: In an economic transaction between a producer and a consumer, an externalized cost or (negative) externality is a cost to someone who is not involved in the transaction. For example, the consumer doesn't pay for it, and the producer doesn't pay for it. Joel Salatin alludes to this concept when he talks about food that is not “honest.” List three externalized costs associated with food production (and consumption), and try to identify the third part(ies) likely to pay for each. Which cost on your list concerns you the most? This course benefits greatly from interaction and community building, so feel free to "like" and/or comment on your classmates' entries. For this discussion in particular, you may be better prepared for the middle of the course if you read through a lot of different examples of this phenomenon. I don't want to start listing them for you, though. I think it would be more productive for you to hear from each other.)
This is all the information/directions that is provided to me. I can't provide the link to the book as my account would be terminated, you can find the books on Z Library.
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