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Food security risks soar as prices breach critical threshold

Peter Sainsbury
3 min readNov 6, 2021

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“Every society is three meals away from chaos” ~ Vladimir Lenin

Violent protests in North Africa and the Middle East in 2011 — commonly known as the Arab Spring — as well as earlier riots in 2008, coincided with sharp increases in global food prices. A decade later global food prices have once again breached a critical threshold, above which food price riots are thought much more likely to occur.

In late 2010 researchers from the New England Complex Systems Institute in the United States examined the relationship between global food prices and the frequency of food riots. The research indicates that higher food prices alone do not result in riots, however when they rise above a critical threshold society’s contract with the incumbent political system starts to break down:

“widespread unrest does not arise from long-standing political failings of the system, but rather from its sudden perceived failure to provide essential security to the population. In food importing countries with widespread poverty, political organizations may be perceived to have a critical role in food security. Failure to provide security undermines the very reason for existence of the political system. Once this occurs, the resulting protests can reflect the wide range of reasons for dissatisfaction, broadening the scope of the protest, and masking the immediate trigger of the unrest.”

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Peter Sainsbury
Peter Sainsbury

Written by Peter Sainsbury

I write about carbon markets at carbonrisk.substack.com @CarbonRisk_ Books about commodity markets, betting and misinformation amzn.to/3A05wcH

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