Skip to main content

Global social unrest because of soaring prices of food?

Let it not be said that climate change cannot have a geo-political effect amongst other things.... Mother Jones reports:
Twice in the last five years, rising food prices triggered global waves of social unrest. With drought baking US crops, another round of soaring, society-straining price spikes may happen in coming months.
According to researchers from the New England Complex Systems Institute (NECSI), commodity speculation—investors betting on food prices—will amplify the drought's market signals, creating a new food bubble and the crises that follow.
"The drought is clearly going to kick prices up. It already has. What happens when you have speculators is that it goes through the roof," said NECSI president Yaneer Bar-Yam. "We've created an unstable system. Globally, we are very vulnerable."
The ongoing drought, the United States' worst since the Dust Bowl, is expected to last until October and will decimate US harvests. America is the world's largest exporter of corn, wheat, and soybeans; global prices for those commodities have already surged to record levels.
While the United States is relatively insulated from food price increases, people in developing countries, who spend far more of their budgets on food and rely on agricultural imports, are extremely vulnerable. For them, high prices are a catastrophe.
Since 2004, global food prices have slowly but steadily increased, with drastic and socially destabilizing spikes in 2007 and again in 2010. Economists argued over the causes, with blame cast on poor regional harvests, supply shortages caused by converting food crops to biofuels, and—most controversially—speculation.

Comments

Popular posts from this blog

The Pentagon's eye-popping spending....and waste!

Only a gigantic bureaucracy could get away with spending of such dimensions - and the amazing waste involved in part of that ginormous spend.   Think US Pentagon..... "From spending $150 million on private villas for a handful of personnel in Afghanistan to blowing $2.7 billion on an air surveillance balloon that doesn’t work, the latest revelations of waste at the Pentagon are just the most recent howlers in a long line of similar stories stretching back at least five decades.  Other hot-off-the-presses examples would include the Army’s purchase of helicopter gears worth $500 each for $8,000 each and the accumulation of billions of dollars' worth of weapons components that will never be used. And then there’s the one that would have to be everyone’s favorite Pentagon waste story: the spending of $50,000 to investigate the bomb-detecting capabilities of African elephants. (And here’s a shock: they didn’t turn out to be that great!) The elephant research, of course, represe...

Video: Israel demolishing a Bedouin village

From Mondoweiss - Israel's supposed "most moral army in the world", the IDF, engaged in immoral, and according to international law, illegal action.... "Israeli forces have demolished every home in the Bedouin village of Khirbet Taha in the northern West Bank district of Nablus during three separate demolitions since the start of the year. Unlike most Bedouin villages, the residents in Khirbet Taha own their own land. However that land falls in Area C, territory in the occupied West Bank under full Israeli control. The village’s only school was also destroyed, leaving children to study in a dilapidated 100-year-old mosque — the only structure left standing in the village. According the United Nations, Israel has demolished half as many Palestinian buildings in the first few months of 2016, as they had in all of 2015. In February alone, the UN found that more Palestinians homes were destroyed than any other month since 2009, when the organization began its docum...

What does a no-fly zone actually mean?

As some countries consider imposing a no-fly zone in relation to Libya, the pertinent question must be what does that mean and entail? FP provides the answers: "It depends on the circumstances. There are two primary types of no-fly zones imposed by air forces. The first is imposed by one military over another, while the two sides are at war. In practice, this type of no-fly zone amounts to a warning from one side that it will engage the other's aircraft if they are spotted in a given territory. The second type, more applicable to the situation in Libya, is when an outside power possessing overwhelming air superiority restricts flights over a given country in order to discourage an internal conflict or humanitarian crisis. This is a relatively recent tactic, which was used most famously in Bosnia and Iraq during the 1990s. No-fly zones are often a compromise in situations where the international community is demanding a response to ongoing violence, but full military interven...