Food for fuel
Another highly important factor in the increasingly catastrophic problem of hunger in the world is of course the use of food for fuel, which has been dealt with in some detail in the essay 'Food for fuel, a sure way of creating a hunger crisis' By Jean Ziegler and Siv O'Neall
It is of course perfectly clear to anybody who thinks with his brain, that growing sugar cane, wheat, corn or other food crops in huge plantations for the use of making ethanol for energy, first of all takes land away from small farmers and, secondly, ruins useful food to put gasoline in SUVs that we don't really need.
Explosive increase in food prices beginning in 2007
The stage is open to the real tiger sharks, the financial speculators. Without the slightest shade of a moral conscience, they speculate on the value of a harvest, on land value, on currencies. Is it going up or down? In either case, they win, since they always hedge their bets. The noxious "futures trading' has opened up the commodity market to conscience-free sharks who care only for the fast buck. These men are not dealing in any real product. They don't sell or buy grain or anything whatever. They just speculate in the fate of these commodities, land, currencies.
The prices of corn, rice and wheat are literally exploding because of market speculation on the basic commodities. This is the Market neoliberalism that was once made out to be the self-regulating force of the Free Market.
The governments can well see the abyss that is open in front of them, but they obediently bail out the banks when the gamblers cause a total breakdown and the banks go bankrupt.
Jean Ziegler writes (p. 78):
The speculative madness of the predators of the globalized financial capital has cost Western industrial states in 2008-2009, $ 8,900 billion in all. Western states have in particular paid trillions of dollars to bail out delinquent bankers.
Neoliberals claim that no regulations are needed, because the market is regulating itself. That way they are free to speculate, to trade indefinitely and, in many cases, without even paying capital gains taxes, without any insight or any rules. There are of course also the tax-free havens where speculators can gamble with their billions without the slightest insight or taxation.
The whole point is to the neoliberal sharks that the rich must get richer and the poor must be made powerless. The numbers of the poor have been increasing drastically ever since the beginning of neoliberalism in the eighties (exploratory beginnings in Latin America already in the seventies, with catastrophic results). Poor people are made to be so invisible, so voiceless that they can be totally disregarded. Which is precisely the goal of neoliberalism.
Conclusion
It is mind-blowing how the world can have come to a situation where it is being run by hungry sharks with no understanding of how the world economy can function in a rational way. The gamblers follow no rules whatsoever, except profit, and humanitarian considerations have no place in this casino.
What Jean Ziegler is doing in such an expert and passionate way in his latest book is denouncing the monstrosities of the world we live in, using his typical forceful style, with his trademark of genuine human empathy. He is explaining how we got to be where we are and what has to be done to remedy the gross negligence of human rights.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).