Protectionist tariffs were dismantled, forcing companies to become more competitive through innovation, embracing new technologies and finding new markets a process that culminated in the abolition ofthe hated systemofagriculturalsubsidies known as the Corn Laws which had inflated the price of bread.
The U.S. and the European Union have embarked on an aggressive systemof mandates and subsidies designed to transition the world away from geological fuel sources towards agricultural ones.