Maybe it's time to walk back the Thailand rice subsidy

[youtube=http://www.youtube.com/watch?v=74YPEXZpc78&w=600&h=315]

Here was the plan: the government of Thailand would buy rice at a higher-than-market rate -- say, 40 to 50 percent -- then store it, wait for the global adjustment in demand (because of how much rice Thailand exports), and then, when the other countries who need the rice come to them beggin…