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Resource speculation driven by financial markets, climate change and biofuels threatens starvation for the world’s poor.
Submitted by: Hazel Henderson Posted: Nov 29, 2012 – 09:16 AM EST CSRWire
Recent spikes in prices of rice, soy, wheat and corn have driven many poor people in developing countries into hunger and malnutrition. In 2011, then World Bank president Robert Zoellick estimated that 44 million people fell into poverty in 2010 due to rising food prices, adding, “Food price inflation is the biggest threat today to the world’s poor…one weather event and you start to push people over the edge.”
The United Nations (UN) FAO Food Price Index jumped 25 percent in 2010.
The dots connecting world hunger, weather events and speculation on global financial markets are obvious. Yet, well-meaning officials at UN agencies, including the FAO, World Bank and IMF, are curiously blind. Instead, their many urgent meetings over the past three years have focused on raising more money to pay these rising prices for food staples, urging more productivity from agriculture and opposing nations curbing exports to protect their domestic foods …. MORE A VIP READ: The Economics of Curbing Speculation In Food, Water and Vital Resources
Food Speculation and The Stockmarket
-▶ THE WORLD IS SITTING ON A CONSUMPTION TIME BOMB http://sco.lt/7sR3eT
▶ FOOD AID FOR THE 21st CENTURY: MEETING THE OBJECTIVE OR FEEDING THE CORPORATE COFFERS? http://sco.lt/6jtrlJ
-▶ WHO OWNS NATURE? CORPORATE POWER AND THE FINAL FRONTIER IN THE COMMODIFICATION OF LIFE http://www.scoop.it/t/agriculture-gmos-pesticides/p/2299601530/who-owns-nature-corporate-power-and-the-final-frontier-in-the-commodification-of-life
-▶ ERADICATING ECOCIDE: WHY BUSINESS LEADERS MUST STEP UP TO THE CHALLENGE http://sco.lt/7uGWKv
▶ THE NEW CORPORATE COLONIALISM — DESTRUCTION OF LIFE ALL IN THE NAME OF “GROWTH” http://sco.lt/6HLK77
Real News One, June 10, 2014
-▶ PUTTING THE ECONOMY BEFORE THE ENVIRONMENT IS ENVIRONMENTAL VANDALISM AND SUICIDAL http://realnewsone.com/2014/06/10/putting-the-economy-before-the-environment-is-environmental-vandalism/
-▶ SHAKING UP THE CORPORATE STRUCTURE TO GO BEYOND THE PROFIT MOTIVE http://www.fastcoexist.com/3024770/world-changing-ideas/a-public-company-will-become-a-benefit-corporation
▶ PROSPERITY WITH LESS: WHAT WOULD A RESPONSIBLE ECONOMY LOOK LIKE? Guardian Sustainable Business, October 4, 1013. The founder of Patagonia Inc discusses the value of the simple life, and growing an economy based on buying less, not more http://www.theguardian.com/sustainable-business/patagonia-founder-responsible-economy-with-less
▶ PRIVATIZATION OF PUBLIC SERVICES LIMITING ACCESS TO PUBLIC INFORMATION http://sco.lt/8Aq0AL
Free markets were supposed to lead to free societies. Instead, today’s supercharged global economy is eroding the power of the people in democracies around the globe. Welcome to a world where the bottom line trumps the common good and government takes a back seat to big business.
It was supposed to be a match made in heaven. Capitalism and democracy, we’ve long been told, are the twin ideological pillars capable of bringing unprecedented prosperity and freedom to the world. In recent decades, the duo has shared a common ascent. By almost any measure, global capitalism is triumphant. Most nations around the world are today part of a single, integrated, and turbocharged global market. Democracy has enjoyed a similar renaissance. Three decades ago, a third of the world’s nations held free elections; today, nearly two thirds do.
Conventional wisdom holds that where either capitalism or democracy flourishes, the other must soon follow. Yet today, their fortunes are beginning to diverge. Capitalism, long sold as the yin to democracy’s yang, is thriving, while democracy is struggling to keep up. China, poised to become the world’s third largest capitalist nation this year after the United States and Japan, has embraced market freedom, but not political freedom. Many economically successful nations — from Russia to Mexico — are democracies in name only. They are encumbered by the same problems that have hobbled American democracy in recent years, allowing corporations and elites buoyed by runaway economic success to undermine the government’s capacity to respond to citizens’ concerns… more.. Read Rest of Article: How Capitalism Is Killing Democracy – Robert B. Reich