GLOBAL POVERTY The sugar-coated bullets of the “free market” are killing our children. The act to kill is instrumented in a detached fashion through computer program trading on the New York and Chicago mercantile exchanges, where the global prices of rice, wheat and corn are decided upon. People in different countries are being impoverished simultaneously as a result of a global market mechanism. A small number of financial institutions and global corporations have the ability to determine the prices of basic food staples quoted on the commodity exchanges, thereby directly affecting the standard of living of millions of people around the world. The provision of food, fuel and water is a precondition for the survival of the human species. They constitute the economic and environmental foundations for development of civilized society. In recent years, both prior and leading up to the 2008-2009 financial meltdown, the prices of grain staples, including rice, corn and wheat, gasoline and water, has increased dramatically at the global level with devastating economic and social consequences.
Posted on: Mon, 29 Jul 2013 00:19:01 +0000
Trending Topics
Recently Viewed Topics
© 2015