Saturday, July 12, 2008

CAPITALISM IN ACTION

Upstairs Downstairs

"Thirty countries have already seen food riots this year. The ever higher cost of food could push tens of millions of people into abject poverty and starvation. To a large degree, this crisis is man-made — the result of misguided energy and farm policies. When President Bush and other heads of state of the Group of 8 leading industrial nations meet in Japan this week, they must accept their full share of responsibility and lay out clearly what they will do to address this crisis. To start, they must live up to their 2005 commitment to vastly increase aid to the poorest countries. And they must push other wealthy countries, like those in the Middle East, to help too. That will not be enough. They must also commit to reduce, or even better, do away with their most egregious agricultural and energy subsidies which contribute to the spread of hunger throughout the world."
(New York Times editorial, 6 July) RD

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