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Saturday, December 13, 2008

CAPITALISM IN ACTION


On the Ivory Coast, one of the world's largest producers of palm oil, a man
empties a bag of palm grains on a palm oil plantation
"History may be repeating itself. Until the mid-20th century, many European countries grew rich on the resources of their colonies. Now, countries including China, Kuwait and Sweden are snapping up vast tracts of agricultural land in poorer nations, especially in Africa, to grow bio fuels and food for themselves. The land grabs have sparked accusations of neo-colonialism and fears that the practice could worsen poverty." (New Scientist, 4 December) RD

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