Every time I turn around someone is announcing they’ll grow more gain, and have fewer beef capital. The latest example comes here from Canada, but you can find this sort of story anywhere right now given soaring wheat prices.The trouble is, of course, that less beef means higher meat prices, which trades off one commodity cost against another while growing cities and feeding people.
In a sense we are engaged in a global game of Hammurabi, the classic computer game where you planted acres in support of a growing population, hoping to keep it all in balance, and keep the rats at bay. As most people will remember, Hammurabi is a simple but irritatingly tough game — because just when you think things are working out a plague strikes and takes out half your city.
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