There is a food pricing crisis, but that isn't the same as a shortage. I elaborate on Grist.
In short, I conclude that the wider the separation of rich and poor, the less effective market mechanisms are in providing useful incentives and the more necessary complex regulatory systems become.
The market libertarians want it both ways: minimal regulation and no worry about wealth stratification, but recent events in the global food market indicate that you can't have both and a viable planet too.
Comments disallowed here so I don't have to track two threads. Do comment on the Grist site, please and thanks.
"I do not consider a liberal necessarily to be a leftist. A liberal to me is one who--and it suits some of the dictionary definitions--is unbeholden to any specific belief or party or group or person, but makes up his or her mind on the basis of the facts and the presentation of those facts at the time. That defines what I am. I have never voted a party line. I vote on the individual and the issues."Walter Cronkite, RIP
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Monday, April 28, 2008
No Food Shortage
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Posted by
Michael Tobis
at
1:12 PM
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