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View Full Version : How speculation and investement in food commodities endangers lives by the millions


Skybird
09-02-11, 05:32 AM
http://www.spiegel.de/international/world/0,1518,druck-783654,00.html

To quote the very first and the very last sentence:

In recent years, the financial markets have discovered the huge opportunities presented by agricultural commodities. The consequences are devastating, as speculators drive up food prices and plunge millions of people into poverty. But investors care little about the effects of their deals in the real world.
(...)
In the future, anyone who believes his financial adviser's claims that an investment in such funds helps secure the global food supply should at least be clear about one thing: Such financial investments are part of the problem, not the solution.