Commodities and Emerging Markets: “The Stone Age did not end for want of stones”

Malthus

Catherine Blanc-Adams has written this month’s insight Commodities and Emerging Markets: “The Stone Age did not end for want of stones” on the long-term perspective for emerging markets as predictions of scarcity in commodities and food that date back to Malthus and the 19th century have turned out to be wrong time and again. Innovation and technology have allowed for continuing human adaptation and progress. Her argument provides a critical and positive long-term perspective in our current uncertainty. We are entering an age of innovation that is also an age of opportunities.

Commodities and Emerging Markets: “The Stone Age did not end for want of stones”

Before the summer break, I happened to book tickets at my local theatre for a new play of the autumn season titled “Oil.” This is how it was described:

The Bronze Age. The Iron Age. The Age of Oil. The Stone Age didn’t end for want of stones. What do you do when you know it’s going to run out? Oil follows the lives of one woman and her daughter in an epic, hurtling crash of empire, history and family. The world premiere of an explosive new play which drills deep into the world’s relationship with this finite resource.ii

Not only did the theme arouse my curiosity but the synopsis encouraged me to do some research. I found out that the Almeida Theatre had truncated the second part of Sheikh Ahmed Zaki Yamani’s quote.

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