Sunday, November 11, 2007

Market Madness

We said in our previous blog that capitalism because it is motivated by the market creates so many contradictions . Yet again , we read from the World Food Programme (WFP) that capitalist solutions to food scarcity can actually exasperate the shortage crises .

“We’re encouraging farmers to grow more and more,” he said. If the emergencies in the region end then WFP will stop buying and the farmers could get stuck with a lot of unwanted food that they cannot sell .

Even worse

If WFP were to buy up too much locally-produced food, prices for local consumers could rise and that could lead to food insecurity for the poor. “The worst thing that could happen is that in trying to stop a famine in one place we create a famine in another,”

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