“lack of farmers doesn’t affect world food production”

Then who will do farming, apart from farmers.I have been fallowing the farming world for the past few years, due to lack of farmers most of the farming lands are left as grazing grounds.
The per acre yield in cash crops such as rubber are desparately low and after 2014 most of the production areas ,specifically in south India wont be cultivable, and farmers moving to other jobs are incresing in huge percentage

“wake up we will be sitting with money, but without food”(sounds funny).

“please read about agriculture in mexico to know how this happens”

I feel extremely offended being Indian and would like to point out that India is the world’s largest democracy, a land where culture resides side by side. Every country has its strenghts and weaknesses, it is not that political involvement and bribes only exists in India, but it also exists in the western countries, the current scandal of House of Lords being investigated for offering their service for making amendments to the legislation.

India has the the strenght to fight back any economic glooms and has proved even after 100 years of British suppression with the Indian treasury drained can still rise to become one of the fastest growing economies in the world with a growth rate of 9% i n 2007.

If it wasn’t for India, trade would have been quite difficult around the globe, being the producer of many commodities as well as offering cheap services to biggest brands around the world.

So what is Jim Rogers really talking about, I could continue this conversation with him and question his flase claims.

The point is the crooks … ie the financial elite … are always angling to “steal” every penny they can from the other 99% of the population and they really don’t much care how they do it. Please give me a break, the senior managment of public corporations pay themselves billions of dollars in compensation and justify it saying but we earned it by “superior performance”. What a joke. Given that the stock market has now wiped out all so-called performance over the last 6 years with effectively ZERO return over that time period…does that mean that the public corporate management is now going to give us shareholders BACK the billions of dollars in fraudlent compensation they took. Of course not….it is always a one-way street.

The difference is…yes the government makes lots of mistakes, has waste, fraud, and inefficency, etc. A $250 million wasted bridge to nowhere is is a tragedy. But at least there is continual scrutiny and the overall effort is generally in the directon of attemping to improve the overall condition of the country. Misguided and inefficent as it is much of the time, and hampered as it is by political vested interest, lobbying, self-serving politcs., etc. It is just a least worst alternative…not that it is very good. It certainly could and should be much better.

However, when one compares the government alternative to the alternative of the “financial elite” who have caused many many trillions of dollars in losses on multiple different occasions over the last decades.. from the current housing/credit fraud, to internet bubble frauds, to massive company fauds(Enron, WorldCom, etc), to the junk bond frauds, etc. one has to seriously ask WHY WOULD ANYONE ADVOCATE TRUSTING THESE elite corporate crooks to act in anyone’s best interest except themselves. They have proven many many times over a long period of time that they act to enrich themselves at everyone else’s expense regardless of how crooked or outrageous their schemes are. It simply is not possible to foster these repeated massive scams without the active participation of the the financial elite from public company senior management, analysts, rating agencies, investment banks, large law firms, and even large public accouting firms.

One can make the arguement that this is not true of all the large scale private sector and to some degree that is true. There are the Warren Buffets of Berkshire, Bill Gates of Microsoft, and Andy Groves of Intel for example that by and large have run fairly clean operations for many years and overall benefitted themselves, society, consumers, employees, stockholders etc. But that is not to say that they have not pulled some marginal stuff as well such as anti-competitive tricks, favorable deals not available to others, “insider trading”, etc. It’s just that they are overall just much better and somewhat more ethical than the run of the mill corporate crook ( ie. the majority of them).

So in conclusion…you will never convice me that “unregulated capitalism ie. no government intervention” will ever be a reasonable model. The financial elite has repeatedly PROVED for many decades now that they will steal, misrepresent, lie, or do virtually anything to get as much as they can despite the consequences to anyone else. As a famous philospher stated “absolute power, corrupts absolutely”..likewise absolute greed, corrupts absolutely…which is exactly what the US corporate and financial elite has so aptly demonstrated over the past decades.