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RZM

(8,556 posts)
12. It was that way for most of history
Fri May 25, 2012, 01:06 AM
May 2012

Until very recently (and still in many places around the world) the poor spent most of their money on food. This meant that bad harvests could lead to serious unrest. High food prices were contributing factors to both the French Revolution and the Revolutions of 1848, for example.

The pattern was usually very similar. Bad harvests drove up the price of food, which squeezed the poor and meant that everybody had less money to spend on manufactured goods. The decreased demand for manufactured goods led to unemployment and, voila, there you had it. Lots of people angry about high food prices and unemployment. And they often blamed their leaders for all of it.

This is one of the reasons we have things like massive agricultural subsidies and very cheap food. Politicians realized that high food prices are detrimental to their careers.

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