According to the Independent on Sunday . . . giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation.
Why am I not surprised? I read an article on the Food First website a while ago saying pretty much the same thing. In fact, much has been written lately about the growing food crisis and the blame game is in full swing.
I’m aware that there are other factors contributing to the jump in food costs and as I said, there have been many explanations put forward as to what is causing the crisis. Pete from Change Alley has a good post up here but even so, it seems so wrong that the traders are allowed to worsen the situation and play their market games with blatant disregard for the human costs.
People are starving, there’s a major food crisis and what do the fat cats do? They turn it to their advantage. There’s this little known thing that the financial market guys call speculation. Speculative trading is inflating the food prices. When it comes to food, this free, unregulated practise is bloody immoral and questions should be asked as to whether it ought to be strictly controlled. They have no right to use food like this. Food is a basic human right and as yet, there is enough of it to go round but the greedy fat multinationals are obstructing access to this food in order to seek more profit.
There’s no actual, physical food shortage, not yet anyway. There is just the inability to afford it. The disturbing thought is that children are starving because the speculators are seeking to profit from the situation. Hungry people are being priced out of feeding themselves because the profit-driven traders prefer to “invest in starvation“.
Yes, big business and the elite continue to monopolise the fruits of this Earth while millions of people starve.