Friday, February 29, 2008

The World's Growing Food-Price Crisis

If you don't get it yet, please read the implosion article in its entirety. Not merely the titillating excerpts that I quoted. Then, go read The World's Growing Food-Price Crisis at Time.com.

I don't believe that the centuries old art of elite gangster macking can be presented in terms any more straight up, simple, or plain. Only difference now, is that the game is international, worldwide...,

"U.S. and British farmers are laughing all the way to the bank,"

says Simon Maxwell, director of the London-based Overseas Development Institute, an independent think tank.

"And some poor people will get jobs on farms or in local communities."

Yet those people will need to buy food, whose prices are rising far faster than wages. With relief agencies struggling to feed the hungry and the shelves in Pakistan, Burkina Faso, Senegal and many other countries in the developing world stocked with food many locals can no longer afford, the prospects for chaos are steadily growing.