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Interesting then that India, which resisted globalization of critical agricultural products, is likely going to come out ahead... The idea that we should solve
by pseudo0 4y ago
Interesting then that India, which resisted globalization of critical agricultural products, is likely going to come out ahead... The idea that we should solve a problem caused by globalization with more globalization is bizarre. Just as we have seen with PPE, masks, microchips, and other critical goods, relying on foreign countries to put their own interest second is a recipe for disaster.
- mlindner 4y agoYou're missing the point. They don't come out ahead in the long term. This just harms farmers in India in the long term. By making the grain cost less the profit is reduced for the farmers and it further discourages investment in mechanized farming which stops decreases in the carbon dioxide produced per bushel of food and reduces profits.
- pseudo0 4y agoIf prices go up, the hundreds of millions of Indians living near the poverty line will be at risk of being physically and mentally stunted due to malnutrition. It's harder to directly quantify the impact of that, but it will reduce economic productivity over the next 60-80 years due to permanent effects on children. Seems like India made the right call, in my opinion.