Systemic Risk (Food Crisis Edition)**Updated**

The food crises is getting worse, and it could even happen that Amartya Sen’s observation that there has never been a famine in a country that had both a free press and a functioning multi-party democracy will appear to break down.

This is because the world economy exists in many places outside of either a multi-party democracy or a functioning free press, and those islands of functioning democracies with a free press may be cast about by forces that are outside of their control. These food riots have, for example, received very little press coverage in the USA. So perhaps Sen’s observation is still correct, it’s just that due to globalization it operates at a different scale. The world needs a functioning free press.

**Well, the press does seem to be taking note of the deepening crises, and I’ve added link to a CNN article that is typical of the coverage. The points are being made that this is a world wide phenomena, and that ethanol production, if not a culprit in the present round of food riots, will make the future food outlook even more grim. It should be obvious that ethanol production, to the extent it raises prices for food is deeply immoral. Furthermore, it is extremely stupid, as it gives those who are suffering, seeing their children dieing each day for want of food, a focal point for their hatred of the first world. **

Two things to be done by those who care:

  1. Derail ethanol production, which has unnecessarily linked the food economy to the oil economy; and
  2. Eat much less meat, which requires massive amounts of grain to produce equivalent amount of food protein. Beef is by far the worst offender, requiring much more grain to produce a pound of beef than a pound of chicken.

These are so extremely easy to do, but with the press shirking its basic responsibility to inform the public, can they alone be blamed for the moral failure of the West to address this crises? The press is clearly not doing its job here.

Here are the gory details:

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Jerry Brito, censoring e_f comments

Well, at least I know I hit a raw nerve over at TLF, since Jerry Brito has been deleting my comments which are responding to his post. My post gets through initially, but then gets deleted a little while later, which would, I believe, mean that it’s not something innocuous like a spam filter.

Here are my comments. What do you suppose he disagrees with so much that he finds it necessary to delete my comment? Does TLF have a policy about deleting comments they disagree with?

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A cool device from H-P

Another device that’s similar to the ASUS eeepc: It’s small, light weight and is available with Linux pre-installed:

HP releases its first Linux-powered laptop
Apr. 09, 2008

At the Linux Foundation Collaboration Summit at the University of Texas Supercomputing Center April 8, Hewlett-Packard announced the release of its first Linux-powered computer to be sold in the United States, the HP 2133 Mini-Note PC running Novell SUSE Linux Enterprise Desktop 10 Service Pack 1.

HP was expected to offer a Linux desktop, and now it has finally done so. It’s not, however, the Linux desktop that many users expected. Instead of being a general-purpose consumer system or business PC, the Mini-Note is meant for the education market.

Chris Sieger, director of IT Services for Alexandria City Public Schools in Virginia, said in a statement, “HP listened to our needs and now is delivering a product designed by education for education.”

So now Dell and Lenovo are probably the two largest hold-outs from the UMPC market. But, the Dell machine has been leaked, and I doubt Lenovo will hold out for long. Why would they?

And, in a related development, a report that talks about why light devices optimized for Web 2.0 run Linux, not Vista. It seems Microsoft did not anticipate Web 2.0 when they designed Vista:

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The Great Transformation

Reading The Great Transformation by Karl Polanyi. It is certainly one of the great cross-disciplinary conceptual efforts of our time, and is the best book about economics I’ve read since Amartya Sen’s Development as Freedom. Essential to Polanyi’s views is that our economic structures are embedded in a wider social and political context, and he makes the great point that men can not be reduced to economic automatons, as so many economists were (and still are) apt to do.

One of the insights he has is that there are some inherent conflicts within the dominant neo-classical liberal creed, specifically between the idea of laissez-faire policies and the institution of the self-regulating market:

“Strictly economic liberalism is the organizing principle of a society in which industry is based on the institution of the self-regulating market…For as long as such a system is not established economic liberals will call for the intervention of the state in order to establish it, and once established, in order to maintain it.” (page 149)

And I found a great example of this contradiction right over at that libertarian website, TLF:
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