Bogdan C. Enache

A full-blown bailout of the banks responsible for making bad loans will only further an economic system of private profits and socialized losses.

This situation is not, however, a natural market phenomenon, but the direct result of various government programs — usually in the world's most developed economies, although developing countries are catching up — that aim to promote more environmentally friendly energy technology or energy self-sufficiency by subsidizing and mandating the diversion of a growing percentage of agricultural commodities such as corn, sugar cane, wheat, and so on, to the production of bioethanol and biodiesel.