Author: calderhomecalderhome
Date: Mar 15, 2008 19:49
The biofuel zealots are repeating Mao's greatest mistake!
An essential economic point that political leaders and the media have
missed about the world food crisis is that rising oil prices have not
shrunk the human food supply, but biofuel production has! Higher oil
prices naturally raise the cost of everything that takes energy to
produce, but in addition to that United States and European Union
policies have actually shrunk the human food supply by artificially
mandating a shift of agricultural resources to biofuel production.
President Bush's 2007 "Energy Independence and Security Act" turns our
food into fuel, and is reminiscent of Chairman Mao Tse Tung's 1958
Five Year Plan, known as "The Great Leap Forward," in which China's
agricultural based economy was forcefully shifted to greater
industrial output.
The higher food prices of 2008 cannot easily lead to increased food
production, as would normally be the case, because of Bush's
government mandated shift of land, water, fertilizer, farm equipment,
and...
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