Thursday, October 8, 2009

World Famine

E-mail to Congress:

EIN News says, "World Must Invest $83 Billion a Year to Be Fed in 2050, UN Food Agency Forecasts. The world needs to invest $83 billion a year in agriculture in developing countries to feed 9.1 billion people in 2050, the United Nations' Food and Agriculture Organisation said on Thursday. World agriculture needs massive investments to raise overall output 70 percent over the next 41 years, including almost doubled output in the developing countries to feed a projected extra 2.3 billion people by 2050, the FAO said. (reuters.com)".

This one involves global warming, healthcare and any other ridiculous notions put forth by eggheads and political opportunists. However, we can analyze this potential famine problem relatively easily.

Developing countries will be primarily unable to help themselves. If they could, we wouldn't have as much famine there as we have at present. This means developed countries would need food handouts, which would only be a temporary solution. The better long-term solution would be for US companies to involve themselves and the locals in food production in the underdeveloped countries. The alternative is to let the locals starve. While that may be a reasonable approach, compassion of the US public will likely not allow it.

If Congress continues with climate control and health care, the cost will create a tremendous burden on the US government, which will force additional currency printing, lead to further inflation, and a significantly decreased value for the US dollar. To partially avoid this, the federal government will likely increase corporate taxes. Simultaneously, the burden of climate control cost, through installation of carbon dioxide sequestration equipment and increased employee health-care costs will hamstring corporate efforts to engage in other developments, such as investment for food production in foreign countries.

Alternatively, if Congress is willing to face the probability of underdeveloped country starvation, the obvious answers are: 1.) Get the US fiscal house in order by greatly reducing federal spending, and 2.) Make it easier for businesses to continue investment and development by not burdening them with global warming and healthcare, and reducing other restrictions wherever possible.

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