WIP Posted August 22, 2015 Report Posted August 22, 2015 OK, so I'll give some "cites", How about food prices Hal? Those are the costs that matter the most to people on the lower economic margins, especially those who have long been living on less than a dollar per day. So, all of those third world internal refugees forced off the land and working in urban sweatshops have to buy their food at local markets. And they don't buy processed crap like western consumers! They've never had that luxury. So, when basic grain prices rise, they feel it immediately and the results can be destabilizing for even dictatorial regimes....as witnessed in the round of "Arab Springs" three years ago. Food prices are going to keep trending upwards, because there's no easy ways to increase grain supplies in a world of declining arable land surface, water supplies, and topsoil erosion. That could be a big part of the reason why some hedge fund managers have shifted their portfolios from oil to land-grabs in Africa and Asia. Quote Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist. -- Kenneth Boulding, 1973
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