China as America's Banker, America as China's Farmer
China as America's Banker, America as China's Farmer: Malthus Was Right. That is the headline on an Agustino Fontevecchia piece in Forbes, filed under the Moral Hazard blog, and it is worth a read.
The Quote That Stopped Me
"Brown expects Chinese wheat imports from the U.S. will be close to 10 million tons, most of it corn."
Tomfool. That is the sort of number that reorders the whole conversation about who depends on whom.
Declining Populations and the Wrong Crunch
Seriously though, this is an interesting article, and one of the reasons I have to laugh when I read about the purported dangers of declining populations, in the USA and elsewhere. I would rather face a Social Security funding crunch than a food crunch, thanks.
Bigger Than the Headline Suggests
Food prices, global economy, China and the USA all land in the same story here, which is why the piece is filed under all four on this blog.
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