Environment & Energy
In reply to the discussion: Dennis Meadows: Collapse inevitable 2015-2020 [View all]Benton D Struckcheon
(2,347 posts)On commodities:
1 - Oil is the only commodity that over the very long term rises faster than inflation. This probably has to do with the dizzying number of uses it has (besides being burned, it's also used as a lubricant, for cosmetic oil, for asphalt, as a feedstock for fertilizer, in synthetic fibers, for plastics; the list goes on and on).
2 - Food going up faster than inflation just means, as I'm sure you're aware, that people's diets are getting better as they get richer ("842 million people in the world do not have enough to eat. This number has fallen by 17 percent since 1990." - source is the World Food Program). This is intimately related to that World Bank report that worldwide, poverty has declined at a record rate. It would be more surprising if prices hadn't risen when so many people were finally getting enough to eat. When the number of people who are hungry worldwide starts to rise again, you'll have a point. Right now, you're proving that things are getting better, not worse.