How US Sugar Subsidies Bring a Red Tide of Algae to Florida’s Shores

Crony capitalism isn’t good for the environment either.

(From Mises)

Though other factors play a role in the algae bloom crises, one of the most significant involves the sugar industry. A combination of federal sugar subsidies, federal regulations on pollution, and federal control of Lake Okeechobee (a giant lake in southern Florida) runoff guidelines has created a recipe for disaster.

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