A friend of mine has sent this message to me. It's not an
area I know much about but I have inquired and it is a cause that urgently needs
to be redressed. The petition (link below) is genuine and the situation
described is true.
A campaign against speculation with food prices is being
circulated in change.org. "After
the real state bubble burst investors moved to speculate with raw materials and
basic commodities. This is understood to significantly contribute to the spike
in food prices that was behind the 2007-2008 and current food crisis. 450
economist worldwide petitioned G20 leaders to introduce stricter regulations in
stock exchanges in order to curb the effect of speculation on food prices. A
rise in prices is devastating to those in developing countries, as they spend
between 50-80% of their income on food. There is cause for some optimism as
some regulating measures have been introduced in the American and European
markets. These are, however, understood not to be sufficient.
I believe this is an urgent matter and that we can put
pressure on our governments and leaders to act decisively. At the very least it
will serve to publicise this seldom mentioned factor in famines. That is why I
am doing something rather uncharacteristic…….” I’m asking you to sign this petition and send it off to others, blog it or put it on Facebook."
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