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I Can't Believe There's No Butter.

http://www.newsinenglish.no

You'd think the world's self-proclaimed richest country, with an agricultural sector heavily regulated to secure Norwegian self-sufficiency of food, would never experience shortages. Wrong. Right now, we are experiencing a butter shortage in Norway. Dwindling milk production due to over-regulated farmers throwing in the towel and increased demand of fatty foods due to the low-carb dieting fad has lead to a butter shortage. The farmers, whose income consists of 70% subsidies from the government, and whose production is regulated by quotas, cannot produce enough milk to satisfy demands. Importing the milk is impossible because of protectionist measures. A text book example of the negative effects of government meddling.

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LordMarius's picture
Created by LordMarius 2 years 33 weeks ago
Category: Unintended Consequences   Tags:

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