Food and Finance

I just recently read an article that compares the evolution of finance with the evolution of food. The relationship between the two is remarkable. In the article “Food and Finance” by James Kwak, the two comparisons are surfaced and explained.

The article starts off by explaining nutrionalism, which is “the idea that food should be thought of in terms of its component nutrients”. Kwak then goes into detail on how foods are highly processed and not nutritional whatsoever, but the package could still say that the product is healthy. He also explains that most labels will provide a simple sentence on how the product is healthy, but then the FDA will also have a disclaimer that will say that there is very little evidence to support the claim.

Overall, Kwak states that nutritionalism is a sham. Then he compares the bogus nutrionalism to finance and how they are both industries that produces income from persuading people to do things that are not in their continuing benefits and will later create damaging occurrences for others all over the world. The industries protect themselves by claiming that they are merely providing the customer with their wants and needs. Both industries also state that if they can’t continue their regular processes, that the economy will end up suffering.

I find it very interesting that food and finance can be remotely related, but when the two markets are compared there are some qualities that prove to be tremendously similar. I think that there are good perspectives within food and finance as well. This article tends to shed light on a certain sector of food and finance and also creates a bridge between two topics that are rarely compared. It would be interesting to see the similarity between food and finance in a positive perspective.

http://baselinescenario.com/2010/10/24/food-and-finance/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+BaselineScenario+%28The+Baseline+Scenario%29