U.S. Drought Could Cause Global Unrest
While the United States is relatively insulated from food price increases, for people in developing countries, high prices are a catastrophe.
Twice in the last five years, rising food prices triggered global waves of social unrest. With drought baking U.S. crops, another round of soaring, society-straining price spikes may happen in coming months.
According to researchers from the New England Complex Systems Institute, commodity speculation — investors betting on food prices — will amplify the drought’s market signals, creating a new food bubble and the crises that follow.
Read the full article at Wired.