The Magic Handbasket: Free Crap

Finally, others besides the usual doomers are starting to notice the world food problem: “20 Reasons to Be Prepared for a Global Food Crisis.”

This article by Michael T. Snyder is on today’s Seeking Alpha, one of my favorite financial sites. Snyder lists a number of issues I’ve posted about over the last year or so–water, topsoil, ethanol among them.

I read it nodding but wondered why the author didn’t address the underlying population problem. However, a good many of those who commented pointed out this link.

But then there was this comment:

You did not mention ,” my dog ate my homework” as another reason. The free market will take care of shortages as high prices cuts consumption and creates incentives to bring on new production. Unlimited demand will be curtailed by price, and limited supply will also be stimulated by price. Let the market price signal do it’s [sic–and sick as well] work. Sure there are physical constraints, and oil does raise the cost of production, though substitutes will replace them.

Cornucopians no longer amuse me. “Unlimited demand will be curtailed by price, and limited supply will also be stimulated by price”? Is “price” a new euphemism for “death”?

As I read this, I wondered if this person was just being especially sarcastic or if he actually believed in both the Free, Righteous, and Easy Economy (FREE) and the Complete Replacement Analogue for Petroleum (CRAP). So far, I see no substantial evidence that either of these exist or are likely to exist, and I have grave difficulty with anyone over the age of five who utters statements of blind, unsupported faith.

Childish utterances from adults stopped amusing me a few years ago when an extremely bright neighbor told me that we would quickly solve the crises caused by the depleteion of fossil fuels. I laughed and asked “How?” Without answering my question, but with a straight face, he just said, “Because we have to.”

Because we have to? I guess I missed the appearance of the Magic Fairy (MF) who told these folks that merely having wants and needs guarantees their gratification.



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