Sunday, May 4, 2008

Multinationals Make Billions In Profit Out Of Growing Global Food Crisis

From the Independent:

Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation, The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry.

The prices of wheat, corn and rice have soared over the past year driving the world's poor – who already spend about 80 per cent of their income on food – into hunger and destitution.

Read more ...

My Comment: World hunger is caused by a few greedy corporations taking advantage of the situation to make a few bucks. This thought is so idiotic that in typical "The Independent" thinking they have conveniently ignore the 800 lb gorilla in the room that is the main reason for food shortages and hunger. In every conflict or situation in which hunger and food shortages have become the norm, we see the hand of government involved ... not the hand of "greedy" corporations. If North Korea had Cargill and Archer Daniels running their food policy, my gut tells me that the people in that Communist Dictatorship will be fed tonight instead of going to bed hungry.

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