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Next Boss Warns On Cotton Price Increases by John De Roe.
As the boss of a major UK clothing and fashion retailer warns of the likely impact of rising cotton prices on the cost of clothing John De Roe revisits on of The Daily Stirrer's recurring themes throughout the economict crisis, overpopulation.

Next Boss Warns On Cotton Price Increases
by John De Roe.
2010-09-15
CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS: cotton, crop, price, inflation, commodity, clothing, dollar, pound, water, fuel, food, hsrvest, weather, climate, scientists, politicians

Next Warns On Cotton Price Impact
Throughout the recession The Daily Stirrer has warned of commodity price inflation. Though on paper theUS$ is valued relatively highly against other currencies in reality all major currencies have lost value in commodity markets. Gold this week has topped $1200 an ounce, oil prices remain high and prices of staple foods are exploding. A dollar may be exchanged for Ł0.65p which is not that diffferent to a year ago but both a dollar and a pound buy less grain, coffee, beans, fuel oil and raw cotton than a year ago.

Cotton is among the commodities that has seen the biggest price rises, the shortage created by increased demand from developing nations has been exacerbated by poor harvests and bad weather. Now clothing manufacturers are feeling these increases, soon that will be passed on to retailers.

Next has become the latest retailer to say higher cotton prices may lead to customers paying more for clothes.

Devastating floods in Pakistan - one of the world's largest cotton producers - and fears over this year's crop in China have sent cotton prices surging to 15-year highs in recent weeks.

However, Next said it did not expect the impact on sales to be dramatic.

The comments came as it announced its pre-tax profit in the six months to the end of July had ... read more >>>

While the scientists are having childish arguments about whose idea for beating climate chaos is the whackiest, most expensive and doomed to fail in the most catastrophic way and the politicians are cooking up control freak schemes for raising punitive taxes and blaming consumers for the consequences of the consumer driven economy model they built the global economy on out is the real world reality is biting hard

And like a fighting dog once it bites it will show no inclination to let go.

The simple fact is there are too many people in the world. I do not subscribe to Malthusian theories of a world descending into lawlessness, commodity wars and dystopian chaos but the problems we will experience in the coming decades can all be related to that one simple cause, too many people.

Carbon and chemical pollution? Too many people burning carbon and tossing away domestic and technical waste.

Increased costs and scarcity of mineral resources? More and more people chasing what remains of resources that were always finite.

Water shortages? Too many people demanding ever greater quantities of the world's limited fresh water supplies? Food shortages? Increasing populations needing to be fead farm decreasing areas of land.

It really is simple but there are few politicians in the developed world brave enough to raise the subject.

Follow The Daily Stirrer's John De Roe to be well informed about the current state of the ongoing economic crisis and how it affects your business or job and your lifestyle.

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