The EU has had successes and failures in various different policies it has implemented, but there are few areas where the wins have been neutralised at best and wiped out at worse, by the losses. The Common Agricultural Policy (CAP) is one such area. In its stated objective of supporting the livelihoods and lifestyles of farmers, the policy has unambiguously achieved its goals; in all other aspects it has been an abject failure.
Under the CAP and the EU’s Common External Tariff, inefficient producers have been subsidised, affordable imports have been excluded from European markets and technological innovation has been stifled. As a result, consumers have paid higher prices, producers have become...
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