In a comment addressed to Prabhudesai, Engr. Ravi wrote, “Food has already become the first limit that we have hit, so be careful about what you bet your money on.”
Advising care in placing bets is excellent advice which ought to be followed. Talk is cheap. Placing bets is not. So I suggest a bet.
I am willing to bet money that food will continue to become less scarce. I bet that in 10 years, a basket of food items which costs $1,000 today, will cost less than (inflation adjusted) $1,000. If it costs more, I will pay the difference to the person(s) on the other side of the bet; if it costs less, I am owed the difference from the person(s) on the other side. For example, if the basket costs $900, then I’m owed $100; if the basket costs $1200, then I pay $200.
I will let the person(s) on the other side of the bet choose five items from a list of 10 items I will provide. The list will be generic items such as wheat, sugar, rice, cooking oil — stuff that is traded internationally in commodity markets.
Note, the $1,000 quoted above is just an example. The person on the other side gets to choose that amount too. The higher the amount they choose shows that they have greater confidence in their claim. One can bet $100 or even $1 if one chooses.
Let me know in the comments if you are willing to put your money where your mouth is.
For an example of this kind of bet, see the Julian Simon, Paul Ehrlich bet. (Methinks that Engr. Ravi is upholding the Ehrlich doomsayer tradition.) For a more contemporary example, see Bryan Caplan’s Complete Bet Wiki.