In a Financial Times piece defending speculation, the author writes:
‘Unfortunately, high commodity prices are a necessity. They provide the message that we need to consume less and to boost supplies. Speculators help not only to shape that message but also to accelerate its reception.’
I support speculation but I don’t like how the author use of words, specifically the idea that we ‘need’ to respond to the message contained in higher prices to reduce consumption/increase supplies. I find that an ugly twist on the idea that people ‘will’ respond to higher prices by curbing consumption. It’s the difference between a calling to action and saying what will be will be.