HOW CAPITALISM WORKS 2

In Afghanistan, where people literally live on bread, many are reduced to buying bread crusts by the gram and softening them with water to make their meals. Must be because the harvest failed, right? No, last year was a good harvest but prices have risen sharply on the commodity market putting it out of the reach of ordinary Afghanis. Likewise, in Cambodia, children have to leave school to collect bamboo shoot, frogs and crabs to supplement the family food because rice is scarce in that country – no, it’s actually plentiful but most is exported and what is available is unaffordable. The madness of capitalism! Actually, this is how it works – “The Philippines (govt.) went to the international auction table (for rice) like a high stakes gambler, desperate to win rice for its 88 million people – lots of it, in fact 675,000 tonnes. But when regular supplier Vietnam upped the ante to something close to $1,200 per tonne, The Philippines held its cards and walked away. Gutsy? Or just plain foolish?’ (Toronto Star 11/05/08). This is how food is supplied? Crazy!
John Ayers