Let Them Eat ... What? High Food Commodity Prices Could Cause A Global Revolution | Fas... - 0 views
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“widespread unrest does not arise from long-standing political failings of the system,” the authors wrote, “but rather from its sudden perceived failure to provide essential security to the population.”
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If current trends continue, the authors note, prices will permanently cross that barrier as early as next July. Prepare for a lot of angry people.
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the relationship between income elasticity and the price (in-)elasticity of food means that “quite modest increases in global income will drive food prices up alarmingly unless matched by increases in supply.”
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