Prices going up doesn’t mean everyone can continue to consume as much as before if they are willing to pay for it. Nor is food perfectly fungible across contine

Prices going up doesn’t mean everyone can continue to consume as much as before if they are willing to pay for it. Nor is food perfectly fungible across continents. Your American family may just be able to outspend someone in Senegal, even if they waste half of the food while the other guy is starving. And even if they somehow buy less, they may just buy less beef, which is still to expensive for the world’s poor to buy, may not even be raised, and a;l that’s saved is some animal feed unfit for human consumption, rotting in Iowa. Sure, it’ll all adjust, just not at the timescale necessary.