Tuesday, April 29, 2008

DOES CAPITALISM WORK?

"In Cameroon, 24 people have been killed in food riots since February, while in Haiti, protesters chanting, "We're hungry" forced the prime minister to resign this month. In the past month, there have been food riots in Egypt, Cote d'Ivoire, Senegal, Burkina Faso, Ethiopia, Indonesia, Bangladesh and Madagascar. The World Bank now believes that some 33 countries are in danger of being destabilized by food price inflation, while Ban Ki-Moon, the UN secretary-general, said that higher food prices risked wiping out progress towards reducing poverty and could harm global growth and security." (Daily Telegraph, 22 April) RD

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