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Paul Krugman Rightly Raises the Spectre of The Finite World of Raw Materials

By Andis Kaulins

Raw materials on Earth are not endless, especially in view of emerging economies and global population growth. Paul Krugman at the New York Times in The Finite World puts the United States on notice that the global economy is driving commodity prices and that America may be a virtual bystander to economic events unfolding on a planetary scale, developments which "will require that we gradually change the way we live, adapting our economy and our lifestyles to the reality of more expensive resources."

Most certainly American politics should start to focus on this problem, rather than on partisan bickering about ephemeral topics of no long-term consequence.

Hat tip to CaryGEE.

Full post as published by LawPundit on December 27, 2010 (boomark / email).