Thursday, July 21, 2011

The world in a loaf of bread

"And how are we responding to this gathering crisis? Has there been a broad new international initiative focused on ensuring food security for the global poor -- that is to say, a stable, affordable price for our loaf of bread?  You already know the sad answer to that question.
Instead, massive corporations like Glencore, the world’s largest commodity trading company, and the privately held and secretive Cargill, the world’s biggest trader of agricultural commodities, are moving to further consolidate their control of world grain markets and vertically integrate their global supply chains in a new form of food imperialism designed to profit off global misery.  While bread triggered war and revolution in the Middle East, Glencore made windfall profits on the surge in grain prices. And the more expensive our loaf of bread becomes the more money firms like Glencore and Cargill stand to make. Consider that just about the worst possible form of “adaptation” to the climate crisis."

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