Is Famine the New Norm?

“By 2006, more than two-thirds of the world’s poorest nations were dependent on food imports. Then came the wave of financial deregulation over the past decade, unleashing speculators into commodity markets, and creating index funds that tied together commodity market prices for food, oil, and metals like never before. But the leveraging, bundling, and “innovative instruments” that were supposed to reduce risk in these markets have had the opposite effect. The result has been a wildly volatile global food market, where factors unrelated to actual supply and demand often drive prices.”

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