Thursday, June 26, 2008

A SOCIETY OF STARVATION

"Already, some 800 million people around the world suffer from chronic food shortages, and millions more could go hungry because of the widening food crisis. Rising food prices hit the urban poor the hardest, those who throng the slums of sprawling capitals such as Lagos, Nigeria , Manila , Philippines , and Caracas, Venezuela .From 2007 to 2008, world prices for soybeans increased by 29 percent, while prices for wheat grew by 40 percent and rice prices jumped by 53 percent, according to a World Bank study. Yet the problem is long-term, as the world's food-production machine fails to keep up with rising demand. The U.N. organization estimates that the problem won't go away for five to 10 years, and that's only if farmers around the world come up with new technology to increase efficiencies and boost production to meet the rising needs. "The hope is that these high prices will inspire more production around the world," Abbassian said. "During this transition, however, people in poor countries are going to be the most affected." ...In Burundi , where nine in 10 people live on less than $1 a day, a day's serving of rice or beans now costs more than the average daily wage." (Yahoo News, 19 June) RD

1 comment:

Highlander said...

I think I see a flaw in "The hope is that these high prices will inspire more production...". More production will lower prices and we all know that lower prices won't be in the capitalists best interests now will it? As you've stated before, starvation=profit.