A month ago: We’re in the middle of a food-focused capitalism crisis.
The global economy is in a tailspin.
Its economy is suffering.
And the crisis is spreading.
The last thing we need is to continue feeding the world a global food system that fails to produce the foods that it needs.
This week, the Economist magazine reported that food prices are now the highest they have been since World War II.
This is the world’s largest food price index, the price of a basket of goods and services that include food, energy, and transportation.
In the United States, food costs have risen 5.4 percent in the last year, according to the Food and Drug Administration.
In China, they have risen more than 25 percent, the most in decades.
Meanwhile, food prices in China have increased more than 50 percent since 2009.
And this week, it’s been reported that the price index is still only half the size of it was in 2008.
A decade ago, food price indexes were small.
Today, they are bigger than they were in 2000.
The Economist magazine notes that the average food price has more than doubled in the United Kingdom since 2000.
And it’s not just in the developing world, either.
Last year, food imports from the United Arab Emirates rose by nearly 50 percent, with imports of grains and sugar increasing by more than 60 percent.
In 2014, the World Bank warned that a food crisis in the global south is already underway.
In a recent report, the agency warned that the global food-price system is already running out of steam and that the world is headed for an “emerging food-supply crisis” in the future.
What’s driving this crisis?
The world’s food system, a system that relied heavily on imports from countries like the United State, Canada, and Europe for decades, has been hit by a massive decline in agricultural productivity and production.
The US food system has been in crisis for decades.
But with the economy contracting and consumer prices stagnating, policymakers have responded by trying to slow down or even reverse the decline in productivity.
This has not only hurt farmers, but also the economy.
As the Economist puts it, “a decade ago farmers were using about 70 percent of the world crop land.
Today it is about 40 percent.”
The World Bank says that in 2013, about two thirds of the agricultural land in the world was underutilized, and that only 25 percent of all land in developing countries was suitable for growing crops.
In addition, the world has less than half of the food reserves of the 1950s, according the agency.
The problem is getting worse, not better.
The world is in for a long food-demand squeeze, as we see the prices of staples like grains and cereals rise.
The food price indices have reached record levels.
Food prices have risen over 10 percent over the last five years.
The World Food Program (WFP), a U.N.-based food agency, estimates that the food price increases are about 25 percent in India, 30 percent in Russia, and 40 percent in China.
This means that the population is expected to increase by a third in the next two decades.
At the same time, food-related COVID-19 deaths have soared by 30 percent, and the number of children with severe malnutrition is expected increase by more then one million.
The Global Food Security Report, a 2015 report from the World Resources Institute, found that “the food security situation is in the midst of a crisis.
A significant portion of the problem is due to the food industry, where a high degree of profit is not being shared between farmers and consumers.”
And it seems the world can no longer afford to feed itself.
According to the latest projections, the global population is set to reach 9 billion people by 2050.
And that’s not including the millions of refugees from the Middle East and Africa.
The situation is dire.
We’re going to be in the long term without adequate food, water, and sanitation.
And if the world continues on this path, there’s no way we can avoid a serious food-based food crisis.
But will it come soon?
The global food industry is facing some big challenges.
The rise in food prices is driven by an unprecedented decline in farm productivity.
According the World Economic Forum, the agricultural sector in the U.S. has contracted by more 20 percent in just the past three years.
This decline is mainly due to increased competition from cheaper inputs, like genetically modified organisms (GMOs), and a general shift in consumer tastes toward less nutritious foods.
Meanwhile in China, the Chinese government has imposed harsh price controls on food.
This will force farmers to reduce production, leading to a drop in crop yields.
According an article in the Economist, this will also have a devastating impact on the country’s poor, particularly the rural poor.
The government wants to increase its population by as much as 40 million people by 2040.
The price of food will go up. And by