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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Drought Could Cause Global Unrest
Twice in the last five years, rising food prices triggered global waves of social unrest. With drought baking U.S. crops, another round of soaring, society-straining price spikes may happen in coming months.
According to researchers from the New England Complex Systems Institute, commodity speculation investors betting on food prices will amplify the droughts market signals, creating a new food bubble and the crises that follow.
The drought is clearly going to kick prices up. It already has. What happens when you have speculators is that it goes through the roof, said NECSI president Yaneer Bar-Yam. Weve created an unstable system. Globally, we are very vulnerable.
The ongoing drought, the United States worst since the Dust Bowl, is expected to last until October and will decimate U.S. harvests. America is the worlds largest exporter of corn, wheat and soy beans; global prices for those commodities have already surged to record levels.
While the United States is relatively insulated from food price increases, people in developing countries, who spend far more of their budgets on food and rely on agricultural imports, are extremely vulnerable. For them, high prices are a catastrophe.
http://www.wired.com/wiredscience/2012/07/drought-food-prices-unrest/
Zalatix
(8,994 posts)All because the global warming deniers have dominated the discussion of how to deal with pollution.
This is all on their heads.
AnotherMcIntosh
(11,064 posts)Where are the politicial leaders?