Chapter
Famine and Rising Commodity Prices
13:20 - 25:40 (12:19)
There is a scarcity of commodities in the market due to a decrease in production, potential bad weather conditions and the impact of COVID-19. As a result, food prices around the world are increasing and the price for corn has nearly doubled.
Clips
The scramble for agricultural products such as corn, soybeans and wheat as a result of sanctions and export controls by Russia is causing first-order and second-order effects that we have never seen before, which will almost certainly lead to widespread famine by the end of this year.
13:20 - 21:17 (07:56)
Summary
The scramble for agricultural products such as corn, soybeans and wheat as a result of sanctions and export controls by Russia is causing first-order and second-order effects that we have never seen before, which will almost certainly lead to widespread famine by the end of this year. The global dependence on Russia for resources such as phosphate and potash is already affecting the agricultural industry worldwide.
ChapterFamine and Rising Commodity Prices
EpisodeE72: Impact of sanctions, deglobalization, food shortage risks, macroeconomic outlook and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With the decrease in production and strategic reserves, the reduction in the supply of core calorie producing commodities, such as rice, wheat, potatoes, and corn, may lead to famine, potentially resulting in the death of hundreds of millions of people.
21:17 - 25:40 (04:23)
Summary
With the decrease in production and strategic reserves, the reduction in the supply of core calorie producing commodities, such as rice, wheat, potatoes, and corn, may lead to famine, potentially resulting in the death of hundreds of millions of people.