We are entering a resource-oriented era, in which the companies that control resources, or have the capital and technology to develop them, will prosper. Similarly, the nations that possess those resources will dominateeconomically and politically.
Some OPEC countries have already made this formula work with their oil. But the U.S. is by far the largest producer of the other most needed resource: food. Clearly, it must use its farm resources both to finance its oil imports and to help feed a hungry world.
Amid the soybean and corn fields of Minnesota, an intellectual businessman (magna cum laude, Amherst '51) is pondering...