The world seems caught in a race between a dark age Malthusian struggle for resources and a technological revolution producing advances which will help resolve the conflict of the world’s growing population and diminishing resources.
Both have collided and pushed Egypt to the brink of political revolution. The technology of Facebook and Twitter has channeled and organized the anger of the Egyptian people over rising food prices, among other things.
You should know us by now that we place our bets with technology and try our best to reject the dark side of the blogosphere, where some seem to have a ghoulish obsession with all things Malthus. We believe in evolution, and have children, after all, and therefore have no choice but to be optimistic about the future.
We’re also realists and see the potential of technology and understand the power of the markets to solve what appear to intractable problems. We have also learned it’s very unwise to bet against these forces by making a linear projections into the future.
We wrote a few weeks ago about vertical farming as the future of agriculture. Here is another informative video on hydroponics, which has been a growth industry in California for years. We think that if the shift in relative prices for foodstuffs is perceived as permanent (and jury is still out on this proposition) there will be massive capital expenditures in these types of technologies.
(click here if video is not observable)