Of unicorns, sasquatches and supply management

At the exact moment where Canada is risking its spot at the Trans-Pacific Partnership negotiations in a quixotic effort to buttress supply management, the EU, that bastion of neo-liberalism, is abandoning milk quotas to the delight of both consumers and entrepreneurial dairy farmers. In my column for the Globe’s Economy Lab (Aug. 21st edition), I walk readers through the massive changes shaking the milk world globally, and why Canada’s efforts (endorsed by every political party) to “protect” dairy farmers are in fact harming the industry and costing consumers handsomely to boot.