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After Food, Inc (see my prior post, immediately below) opened my eyes to how food production has rather radically changed over the past couple of decades, I’m now conscious of how much attention we are starting to pay to nutrition as a society.

And when society pays attention, markets pay attention. And when markets pay attention (assuming there are no distortions), the incentives created by demand drives increased supply cause change to happen, very quickly. Not only are individuals and organizations motivated by potential profits rewarded, with the most responsive and efficient reaping the highest returns, but society as a whole is better off.

For example, in Tuesday’s Wall Street Journal, Read the rest of this entry »

My parents, who both grew up in the depression, instilled two values in me: hard work, and thrift. While we never felt we wanted for much growing up, there was never a lot of money to spend either, something we were blissfully unaware of. One thing I remember is mom cooking healthy dinners every night, using fresh ingredients bought daily from the supermarket. She was a good bargain hunter, and knew how to stretch her food dollar. We’d splurge occasionally on a hamburger out at the local A&W (remember those?), washed down with a root beer float.

Thus, I was struck by a vignette early on in the film Food, Inc., where a working family of four stops by a fast food restaurant for a dollar meal. The mother explains that because they are so busy, she doesn’t really have time to cook, but she does want to make sure her children get a ‘good’ meal to start the day… She goes on to say that because they don’t have a lot of money, they have to look for bargain ways to feed their family. But then we find that the father is suffering from diabetes, for which he is spending $200 a month on prescription medicine… Read the rest of this entry »

I continue to be fascinated by Carlota Perez’ work on Technological Revolutions and Financial Capital. Briefly, she identifies 50 or so year periods of great economic advancement, followed by a bust which then creates the conditions for a period of steady growth and prosperity; each period goes through five phases: Read the rest of this entry »

I think I first became intrigued by the potential of innovation as a Peace Corps volunteer in one of the most resource-deprived countries in the world. I saw, surprisingly, an incredibly inventive people: Read the rest of this entry »

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