Tuesday, July 27, 2010

How Goldman Sachs gambled on starving the world's poor - and won : Johann Hari

How Goldman Sachs gambled on starving the world's poor - and won : Johann Hari: "At the end of 2006, food prices across the world started to rise, suddenly and stratospherically. Within a year, the price of wheat had shot up by 80 percent, maize by 90 percent, and rice by 320 percent. In a global jolt of hunger, 200 million people - mostly children - couldn't afford to get food any more, and sank into malnutrition or starvation. There were riots in over 30 countries, and at least one government was violently overthrown. Then, in spring 2008, prices just as mysteriously fell back to their previous level. Jean Ziegler, the UN Special Rapporteur on the Right to Food, called it 'a silent mass murder', entirely due to 'man-made actions.'"

(Thanks, JB!)