Food crop speculators

According to FAO – the UN’s World Food Organization – the globe’s current agricultural potential could feed at least 12 billion people, if only the food would not be subject to speculation and would be properly distributed. But it isn’t.

Food crop speculators in the US and in Europe, command the price – they literally control who may live and who must die.

According to the World Bank, 80% of the food-price hike induced famine of 2008 / 2009 that precipitated the death of 2 million people in Asia and Africa was the result of food speculation.

[Peter Koenig, an economist and geopolitical analyst,  former World Bank staff]

This entry was posted in Humanitarian Aid, International Cooperation, Uncategorized by Grant Montgomery.