- Annnnnnddddd ARTIST OF THE DAY goes to Byron Eggenschwiler:
- Economist Dambiso Moyo explains how to close the resources gap with China, and how they’re quietly and very successfully buying up land all over the world to extract exotic minerals and other natural resources:
“Even if all nations were to engage in multilateral discussions about resources, the world would still face the core problem–too little supply for too much demand. Aggressive government meddling in commodity markets (such as banning commodity speculators) has, on balance, tended to do more harm than good. Policies aiming to curb demand, such as higher taxes on consumption, are possible but remain politically unpalatable in a world dedicated to possessing ever-more material goods and a higher standard of living. A few supply-side policies show more promise. These include eliminating inefficient food subsidies and discouraging food waste, encouraging the recycling of metals, and investing in research and development for alternatives or solutions to resource scarcity.”
Her interview on the Daily Show this past week was excellent.