Just another person who has no faith in science and technology and predicts doom and gloom. Grantham seems to think that no one is researching how to improve crop yields or that no one is researching alternative energies sources. That's nothing new. Here is a little of what was said in the 1960s-1970s:In his latest newsletter, legendary fund manager Jeremy Grantham - who made billions predicting every major stock market bubble of recent decades - warns that cheap resources are history:
"Our global economy, reckless in its use of all resources and natural systems, shows many of the indicators of potential failure that brought down so many civilisations before ours."
Industrial civilisation is currently "completely dependent on the availability of cheap energy." Therefore, resource depletion combined with "the wild cards of rising temperatures, slowly rising sea levels, ocean acidification, and, above all, destabilised weather for farming" could lead to "a rolling collapse of much of civilisation" - unless the world embarks on a "Manhattan project level of commitment" to transition to an alternative energy and agricultural system.
Paul Ehrlich’s The Population Bomb foretold billions of deaths from starvation, and the collapse of civilisation:“the battle to feed humanity is over”, Ehrlich said.
But yet without a Manhattan project level of commitment, along came the Green Revolution, led by Norman Borlaug, who won the battle that Ehrlich said was lost. Using techniques borrowed from Gregor Mendel, the father of genetics, he bred a new form of wheat. Its shorter stems broke less easily and wasted less energy in growth; it was disease-resistant and yielded more food. Suddenly, the amount of food available from a hectare of land rocketed. Borlaug’s innovation is credited with saving a billion lives – and the nation of India. No wonder he won a Nobel Peace Prize for his work.