Sunday, January 18, 2015

Greg Page on Globalism, Food, and Sustainability

This is an older article (from the Guardian) but has some good points by former Cargill CEO Greg page, that are consistent with other posts here before: 

“This is Adam Smith and Hayek and Ricardo played out at very high speed,” says Page, citing classical liberal economists who argued that trade generates the prosperity much of the world enjoys today."

"Agriculture is “going to remain a very local business”, Page says, but if water and climate emissions are fully priced into the cost of food, it will likely become more global over time. One thing’s certain — it will never again be all-local. After all, aseconomist Russ Roberts has said: “We tried buying local once. It was called the Middle Ages.”

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