The ‘food bubble’ is bursting, says Lester Brown, and biotech won’t save us

'In recent years, two factors have added urgency to Brown's warnings: 1) climate change has given rise to increasingly volatile weather, making crop failures more likely; and 2) the perverse desire to turn grain into car fuel has put yet more pressure on global grain supplies. Brown's central metaphor -- which he's been using at least since the mid-‘90s -- will be familiar to readers who've lived through the previous decade's dot-com and real-estate meltdowns: the bubble.

The world has entered a "food bubble," he argues; we've puffed up grain production by burning through unsustainable amounts of three finite resources: water, fossil fuels, and topsoil. At some point, he insists, the bubble has to burst.

Well, for the second time in three years, the globe is lurching toward a full-on, proper food crisis, especially in places like Haiti that have de-emphasized domestic farming and turned instead to the global commodity market for food. In 2008, global food prices spiked to all-time highs, and hunger riots erupted from Haiti to Morocco. Now prices are spiking again, and have already surpassed the 2008 peak, The Sydney Morning Herald reports.'

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