SHOCKING AS USUAL, BUT NOT SURPRISING
14 05 2008I know that it is strange to say that something can be shocking if it is usual but keeping that capacity for anger at the sheer callousness of it all is very important.
The Real News (who need your donations if you can afford) have put out this interview with one of the authors of the report ‘Making a Killing From the Food Crisis’.
That someone is making a fat profit while others starve is not a new scenario but the report and the interview are definitely worth a look.
Here is the full report.
Here is GRAINs homepage.
One firm calculates that the amount of speculative money in commodities futures – markets where investors do not buy or sell a physical commodity, like rice or wheat, but merely bet on price movements – has ballooned from US$5 billion in 2000 to US$175 billion to 2007. Disgusting creeps.