I know this is boring, but the effect that it has on your and my - TopicsExpress

I know this is boring, but the effect that it has on your and my (and many much poorer people across the world) is that of unnecessary hardship and devastation. This is what deregulation of financial markets (particularly derivatives- and trading in futures) does to food prices. Institutions such as hedge funds, pension funds and investment banks[97] have been instrumental in pushing up world food prices in the last five years, with investment in food solely as a commodity rising from $65bn to $126bn (£41bn to £79bn) between 2007 and 2012, contributing to 30-year highs. Financial institutions now make up 61% of all investment in wheat futures. en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000#Controversies

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