The food crisis. Misery is profitable
Bob Morris @ May 8th 2008 06:33 - Category: Unfiled
Celcias details how “free trade” and onerous terms forced by banks upon Third World countries directly cause food prices to rise.
Recipients of IMF and World Bank loans must open their borders to the influx of highly subsidised agricultural produce from countries like the U.S. of A., who sell their food at below the cost of production (a practice called ‘dumping‘), undercutting local producers and putting them out of business — causing mass urbanisation as millions leave their fields to work or beg in cities, as well as swelling numbers of illegal immigrants into the North.
Yet those very same banks insist that Third World countries do not subsidize their crops, even as the US continues to.
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