Tuesday, November 20, 2007

No good can come out of this...

"Rising pasta prices create panic in Italy"

This will end badly, mark my words... This report is actually a surprisingly lucid overview (for CNN anyway) of the situation caused by marked increases in the price of wheat (and other staple foodstuffs) worldwide. There are some interesting perspectives on both the prices consumers have been paying for staples over the past 20 years and on the implications of ethanol production for agricultural production.

1 comment:

Anne Gilbert said...

It will definitely end badly. Especially in the poorer parts of the world, like Africa. But it will "end badly" everywhere, except for the very few. You don't need CNN to tell us that.
Anne G