In these difficult times, it seems like complete nonsense to say that food prices are cheap. In the UK, the average grocery bill is Up more than 12% in the past year. But it is. The price tag on food is about two-thirds lower than it would be if we paid full price. But don’t worry. We have a plan to resolve this issue.
That may sound unpleasant. Who wants their grocery bills to go up even more? But in reality, we are already paying the real price, and most of it is just being secretly hidden from us. “In total, he pays four times as much for meals,” he says. Alexander Muller At the sustainability think tank TMG in Berlin. First, pay at the cash register. And we pay the health, environmental and social costs of producing that food, primarily through taxes.
green accounting
These costs are “externalities”. Things that are not free are treated as free, such as the environmental destruction caused by agriculture and the health costs of obesity. Now the producers are ignoring them and letting the rest of us pick up the bill. Maybe it won’t last very long. Economists and accountants – don’t yawn in the back. – We are working on a system called True Cost Accounting (TCA) that aims to internalize these externalities and upend decades of economic tradition. If we play our cards right, we won’t all end up spilling more cash at the register, but rather a massive rebalancing of global supply…
Source: www.newscientist.com
