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Degrowth, food loss and food waste – Part 7 — Bill Mitchell

Summary:
Last Monday, I wrote about the global need for us to abandon meat production for food, and, instead take up plant-based diets. Many people interpreted that argument as a personal attack on their dietary freedom, which indicates they fell into a fallacy of composition trap and declined to see the global issue. As part of my series on the Degrowth agenda, the other aspect about food which is important is that we have a propensity to produce too much food and distribute what we produce unfairly. I will deal with the distributional issues in another post. Today, I want to talk about the over-abundance of food in nations which means too much land, water and other resources is devoted to its production with commensurate negative environmental consequences. One manifestation of that phenomenon

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Last Monday, I wrote about the global need for us to abandon meat production for food, and, instead take up plant-based diets. Many people interpreted that argument as a personal attack on their dietary freedom, which indicates they fell into a fallacy of composition trap and declined to see the global issue. As part of my series on the Degrowth agenda, the other aspect about food which is important is that we have a propensity to produce too much food and distribute what we produce unfairly. I will deal with the distributional issues in another post. Today, I want to talk about the over-abundance of food in nations which means too much land, water and other resources is devoted to its production with commensurate negative environmental consequences. One manifestation of that phenomenon is food loss and food waste, which are different terms for the segment of the food supply chain where wastage occurs. If we are serious about dealing with the environmental disaster then we have to eliminate or dramatically reduce wastage. This will require significant investments in some nations to improve storage etc and a dramatic change in other nations in terms of attitudes to aesthetics, packaging, and more....
William Mitchell — Modern Monetary Theory
Degrowth, food loss and food waste – Part 7
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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