. . . and on the front page of the Wall Street Journal, no less.
Commodities and basic resources (like water and good arable land) are in increasingly short supply worldwide, notes the Journal. And while we’ve managed to avoid the wholesale disasters Malthusians have regularly warned against in the two centuries since Thomas Malthus wrote, this time, say authors Justin Lahart, Patrick Barta and Andrew Batson, things could be different.
One issue, they say, is that we already appear to have pushed the earth past a tipping point on climate change. Quoting Dennis Meadows, co-author of the 1970’s classic, “The Limits to Growth,” the article suggests that “environmental catastrophe may be inevitable even ‘if you quit damaging the environment.'”
The threats we currently face may, as in the past, spur technological innovations that enable both human populations and their living standards to keep growing. But unless and until that happens, competition for scarce resources will mean that “violent conflicts could ensue,” the article notes.
It’s interesting to see carbon-tax proponent Joesph Stiglitz quoted so much in the article as an authority and to see that the Journal takes human-caused global warming as, essentially, a fact.
All in all, it’s a clear-eyed look at the global-scale economic and political challenges we face when it comes to the distribution of our most fundamental resources. Although hardly revelatory, its conclusion is still welcome:
Indeed, the true lesson of Thomas Malthus, an English economist who died in 1834, isn’t that the world is doomed, but that preservation of human life requires analysis and then tough action.