In his book Global Problems and the Culture of Capitalism, Richard Robbins weighs the environmental costs of a staple of the US diet: beef. In mathematical number of calories, beef is an inefficient food that requires huge food input. Cattle feed accounts for 80% of US grain production and about half of US water consumption. This inefficiency is magnified as… Read more »
Food is life. Nonetheless, 25% of global food production is traded internationally like any other commodity. This huge movement of food comes with consequences. Trade liberalization can disrupt the economy of a developing country in many ways, but especially by disadvantaging domestic farming by importing cheap food from more developed nations where agriculture is more industrialized. Consider peasant farmers… Read more »
Any significant drop or raise in population would dramatically change the state of the economy, and ultimately, the function of the market. If something simple, such as wheat, were to suddenly become scarce, the impact would be dramatic. Since wheat is used in such a great many other products, those products relying on wheat would also become scarce and would… Read more »