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Jeremy Grantham on ‘Welcome to Dystopia’: We Are ‘Entering A Long-Term And Politically Dangerous Food Crisis’

August 28, 2012

Full Article at http://www.energybulletin.net/stories/2012-08-27/jeremy-grantham-‘welcome-dystopia’-we-are-‘entering-long-term-and-politically-dan#.UDu9_0qxplw.email

By Joe Romm

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.

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Uber-hedge fund manager Jeremy Grantham has released another important discussion. Grantham, a self-described “die hard contrarian,” is one of the few leading financial figures who gets both global warming and growing food insecurity, two cornerstones of Climate Progress analysis.

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In his new discussion, he warns we are in a “chronic global food crisis that is unlikely to fade for many decades, at least until the global population has considerably declined from its likely peak of over nine billion in 2050.” Why? “There are too many factors that will make growth in food output increasingly difficult where it used to be easy”:

Full Article at http://www.energybulletin.net/stories/2012-08-27/jeremy-grantham-‘welcome-dystopia’-we-are-‘entering-long-term-and-politically-dan#.UDu9_0qxplw.email

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