Sunday, March 09, 2008

Gluttony is an Economic Sin, too

I've never been quite sure why the church views gluttony as a sin. Makes you unhealthy and unattractive, but it seems mostly a personal failing. On the other hand, it might be viewed as a sign when the consequence of one person's gluttony is his neighbor's hunger.

We may be moving away from that into a new era, where gluttony is an economic sin as well. We've known for a long time that the American eating habits could not be sustained worldwide without some incredible, and probably physically impossible, increase in food production. This was not a problem as long as the rest of the world was sufficiently poor that they couldn't compete economically for the foodstuffs.

Unfortunately for Americans, the rest of the world is getting rapidly more prosperous and they are developing a taste for more, better, and less efficient (e.g. meat) diets. In addition, there have been some droughts and stuff, but mostly it's demand rather than supply.

If Americans had a lot of self-discipline, this would be an opportunity. We could cut down on our excess consumption of calories and increase our exports, thereby paying for the manufactured goods we love and don't manufacture anymore. More likely, we'll continue to overeat and drive up the cost of our food.

It's time to put food and energy back into the "core" inflation rate. There were taken out, years ago, in order to have a number that changed less month-to-month, but this only works if the fluctuations in food and energy average out. They aren't doing this. Oil going from $30 to $115 is not a fluctuation, it's a sea change.

No comments: