Poor wheat harvests in Russia and Ukraine, along with devastating wildfires in Russia, have resurrected fears of a global food crisis. Some have blamed global warming for inducing a severe drought. But the real blame rests with poor agricultural performance over the long term in a region still hampered by communist experimentation. To react by banning exports, as Moscow has done and Kiev is considering, would be counterproductive. Combined with restrictions on the use of modern agricultural technologies imposed in the European Union and being proposed in the U.S., such bans really could lead to a global food crisis.
After the Russian revolution in 1917, the Bolsheviks socialized all agricultural markets.… Seguir leyendo »