Egypt And Tunisia Usher In The New Era Of Global Food Revolutions -- The Telegraph
Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow.
If you insist on joining the emerging market party at this stage of the agflation blow-off, avoid countries with an accelerating gap between rich and poor. Cairo’s EGX stock index has dropped 20pc in nine trading sessions.
Events have moved briskly since a Tunisian fruit vendor with a handcart set fire to himself six weeks ago, and in doing so lit the fuse that has detonated Egypt and threatens to topple the political order of the Maghreb, Yemen, and beyond.
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My Comment: In the past, wars were the eventual outcome of food and resource scarcities coupled with price inflation. Are we entering another cycle of this type of conflict .... with 7 billion mouths to feed today .... I sincerely hope not.
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