Photo Source: Click hereIf you can stand the pop up ads on Time Magazine's website, there is an interesting article about the new faces of global hunger its implications. The rising prices of oil, the growing costs of CO2 reduction, the free market policies that have decimated many small farmers are adding up to a global famine. The agriculture stocks were leading on Wall Street a couple of weeks ago. "There's gold in them there hungry bellies" the market cried. So the stocks soared. The law of supply and demand. When a resource is scare and the demand is high (food) the price rises.
One reason food prices are going up because of GW's misguided policy of ethanol production from corn. Less corn to eat, the scarer the commodity. The scarcer the commodity, the higher the price of that commodity. But ethanol investors lost billions because there were a glut of investors flooding the market with capital to develop this new "green fuel." And so on and so on... Anyway, a couple of good links:
Amy Goodman's interview with a World Food expert and Time magazine.
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