Website review: Samuelson: Food vs. Fuel | Newsweek...
laodan discovered this in Economics
•1 reviews since Dec 18, 2007
energy
•newsweek.com/id/77501/page/1
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laodan discovered 5 months ago- Food vs. Fuel via The Oil Drum, in Newsweek by Robert J. Samuelson
The world's food system may be about to go into crisis, and the U.S. government's energy policy may be partly to blame. ... It's the extra demand for grains to make biofuels, spurred heavily in the United States by government tax subsidies and fuel mandates, that has pushed prices dramatically higher. The Economist rightly calls these U.S. government subsidies "reckless." Since 2000 the share of the U.S. corn crop devoted to ethanol production has increased from about 6 percent to about 25 percent and is still headed up. Food vs. Fuel A worrisome forecast for the world's crops The Price of Biofuels Soaring food prices threaten millions: UN The logic of capital works to maximize returns... Human reason would like us to believe that what counts is to maximize the chances for human life to thrive. The logic of capital and human reason are operating on different planes of reality. The articles linked to here above are about an emerging energy crunch that sees demand rising faster and higher than offer. Answer: - the logic of capital wants to increase the offer by producing more of that energetic stuff that now sells at prices that allow for fat returns. - human reason pleads for a rapid reduction of our energetic needs, through higher efficiency of our energy consuming activities, that could eventually lead to a revision of our ways of living. Under modernity the logic of capital always triumphs because it is what powers the economy and the ideology of modernity. It is our culture. Only a break-down of the machinery of modernity could give a chance to human reason. But we better be aware that if the machinery of modernity breaks down we'll be confronted with enormous economic misery leading to much violence in the name of survival...
- Food vs. Fuel via The Oil Drum, in Newsweek by Robert J. Samuelson
