The global commodity food trade and its deregulation; The members of congress that view deregulation as a good thing are absolutely WRONG More results connected to the 2003 deregulation of Wall Street and financial institutions, while corporate investment drives up the cost of food creating billions in profits taxed at a low rate. On the other hand the producers about 2 billion people earn $1 to $2 pr day, food prices are one issue we can all recognize, but what goes unregulated is the unreal profits by speculation and investment. Food is produced by farmers everywhere in the world; but it is mostly bought and sold as commodities by ‘middlemen’, now mostly big corporations that trade globally, not just in a commodities market, but also in an elaborate financial derivatives market that pushes food prices up and creates price volatility. Commodities are the raw materials while ‘commodities derivatives’ are financial contracts derived from the value of the underlying commodity keeping food prices high. laudyms.wordpress/2010/04/21/financing-world-hunger-how-the-financial-markets-create-hunger-and-make-huge-profits/
Posted on: Sat, 15 Jun 2013 01:46:02 +0000
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