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Friday, April 25, 2008
Higher food prices lead to
Global instability
Local psychological nervousness and sometimes rioting depending on location and culture
Throughout history that is
And is there any reason why these times should be any different?
One of the more alarming recent developments around the world is the steep increase in many food prices
Many reasons are given from commodity price increases to bio fuel growth
Can leaders really be so slow as not to have realized that growing ever larger quantities of subsidized and lightly taxed bio fuels would result in increased food shortages and higher prices in many countries?
Apparently it is so
Politicians encourage bio fuel growth when many people on the planet have no affordable food
Things are seriously amiss when politicians encourage policies that lead to steep food price increases
This is how it is today with pundits telling us that prices will not come down again because of multiple factors
Again and as usual for the consumer this is force majeure
In countries where most are poor events can spiral out of control
In the West events might be different but the political fallout can be as unpredictable
We all need to eat so must change our foods or buy less
Eat differently
Eat out less
Cook more at home
Stop buying so many ready made meals and take aways
And while doing so observe with interest how the price of food is an emotional topic anywhere
Indeed it is one that politicians ignore at their peril
And we the consumers pay as usual for politically manipulated crop subsidies and incentives pandering to special interest groups
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