"Welcome to Dystopia!" New Report from J. Grantham
Posted: Fri 17 Aug 2012, 11:40:39http://www.gmo.com/websitecontent/GMOQ2Letter.pdf
Jeremy Grantham, one of the few major figures in finance that has a clue about GW and the ongoing food crisis, has put out a report that pulls no punches.
Welcome to Dystopia! Entering a long-term and politically dangerous food crisis
Jeremy Grantham, one of the few major figures in finance that has a clue about GW and the ongoing food crisis, has put out a report that pulls no punches.
Welcome to Dystopia! Entering a long-term and politically dangerous food crisis
“Them belly full but we hungry ...
... A hungry man is a angry man ...
... A hungry mob is a angry mob.”
—Bob Marley, “Them Belly Full”
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
—Kenneth Boulding, Economist
Summary of the Summary
We are five years into a severe global food crisis that is very unlikely to go away. It will threaten poor countries with increased malnutrition and starvation and even collapse. Resource squabbles and waves of food-induced migration will threaten global stability and global growth. This threat is badly underestimated by almost everybody and all institutions with the possible exception of some military establishments.