24 Apr 2008 chalst   » (Master)

Food prices: the ideological assault on food security
Daniel Davies asks What's that got to do with the price of wheat, rice, maize and ethanol?, talking about the dismantling of food security infrastructure in the third world, carried out in the name of free market dogmatism. Quote:
I think the underlying idea, in as much as there was one, was that international aid was a more efficient way of providing food security than domestic reserves and price controls. Which has a certain plausibility to it, as long as you only look at one country at a time and assume that food shortages will be caused by ecological famines, which are more or less uncorrelated between regions, rather than a global inflation in food prices which overwhelms the capacity of the food aid industry, and which arrives at a time of fiscal strain in donor nations. Of course, the general approach of assuming that one's risks are uncorrelated and manageable is one that has been causing all sorts of problems in the world economy of late.

Latest blog entries     Older blog entries

New Advogato Features

FOAF updates: Trust rankings are now exported, making the data available to other users and websites. An external FOAF URI has been added, allowing users to link to an additional FOAF file.

Keep up with the latest Advogato features by reading the Advogato status blog.

If you're a C programmer with some spare time, take a look at the mod_virgule project page and help us with one of the tasks on the ToDo list!