Sharply rising food prices are making politicians sit up and do something. But what?
Pegging prices is one option but this alone does nothing to address the underlying problem. On the contrary, it is a disincentive to produce food and bring it to where it is most needed. But when people are poor and have insufficient purchasing power, what else can be done.
It is said that third world farmers are too poor to purchase seeds. On the face of things, this is strange. Presumably they have got a good price for selling the crops they have just harvested, especially if food is in short supply, as is claimed. Or perhaps the farmers have got a bad price and someone else is cashing in. The temptation is to blame greedy middlemen, but they make nothing unless they both buy and sell, and in selling where they will get the best price, they are channelling the food to where there is most demand. Which may not be the same thing as where is it most needed, but if people are poor they cannot demand.
So there are two question. First, who owns the land on which the farmers are growing the crops? Could it be that landowners are charging too much rent and leaving farmers with insufficient to buy seeds? Second, why are there all these poor people? It is not a natural state of affairs. I suspect they are being prevented from earning a livelihood through exclusion from the means of production. Again, it is an issue of land tenure. But none of the commentators or politicians seems to have noticed.
The Guardian has published a couple more articles against HS2, one by specialist rail commentator Christian Wolmar, and another today by journalist Simon Jenkins. The main arguments in favour will doubtless be wheeled out by the commentators: the need for capacity and the disruption caused by upgrading existing routes. HST itself will severely disrupt services to Euston during the construction period. Capacity can be increased at a fraction of the cost by a variety of measures, provided that it is accepted that the additional traffic will run at existing speeds. It is not generally known that the Midland main line is, or was, four track all the way from London to Trent Junction, between Nottingham and Derby. This is because the additional tracks are separate, having been added for coal trains which trundled down to Brent sidings, on the edge of London, from a collection point at Toton in Nottinghamshire, where the Midland Railway build a huge marshalling yard. Beyond Derby, the main l...
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