In a subsidized nutshell...
a programme which uses inefficient transfers of taxpayers money to bloat rich French landowners and so pump up food prices in Europe, thereby creating poverty in Africa, which we then fail to solve through inefficient but expensive aid programmes. The most stupid, immoral state-subsidised policy in human history, give or take Communism.
That is British Ambassador to Poland Charles Crawford on the European Union's Common Agricultural Policy.
(Hat tip to Matt Welch, who has more at Hit and Run.)