Author
|
Topic: The Wall Street Mega Bailout: Bad News for the World's Hungry
|
gram swaraj
rabble-rouser
Babbler # 11527
|
posted 05 October 2008 04:24 AM
From the Organic Consumers Association, which is about a lot more than just better food. quote: one in every six people on earth are going hungry this year. Fully half the world is now at risk of hunger and malnutrition. [...] The FAO estimates it will take $30 billion a year to eliminate global hunger. For the price of the bailout, we could make sure no one on earth goes hungry for the next 23 years. We could re-build food systems as engines for local economic growth. Instead of exacerbating global hunger, for $700 billion dollars we could fully fund the millennium development goals to eradicate global poverty, the root cause of hunger.Decades of free market fundamentalism has left food systems around the world in tatters and our financial systems poised on the edge of disaster. Instead of throwing money at a system in crisis, we need to use the crisis as an opportunity to fundamentally restructure both food and finance. We need to re-regulate the financial services industry, re-establish national grain reserves, and use anti-trust legislation to break up the power of the oligopolies holding us hostage. Instead of considering a $700 billion dollar gift to financiers, Congress needs to jettison the laissez-faire policies that let Wall Street spin out of control in the first place. --Annie Shattuck and Eric Holt-Giménez, Food First/Institute for Food and Development Policy Original story: http://www.commondreams.org/view/2008/10/03-4
[ 05 October 2008: Message edited by: gram swaraj ]
From: mon pays ce n'est pas un pays, c'est la terre | Registered: Dec 2005
| IP: Logged
|
|
|
|