I will end with a point on the liberalization of agricultural trade. And that point is this: we cannot stress enough the importance of regulating that trade. To quote something Paul Krugman, the 2008 Nobel Prize winner in economics, said in addressing a forum:
We had a very serious outbreak of human suffering and political instability resulting from a really quite brief spike in the price of food. It was not an extended period; it was overtaken by events by the broad collapse of economic activity thanks to the financial crisis. Had it gone on any longer, it might have been much worse and all indications are that the food crisis of 2008 was a dress rehearsal for future crises and we better have some mechanisms in place to deal with these.
Thank you for having us and for listening to what La Coop fédérée has to say.
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