Sunday, 27 February 2011

Nowhere is immune to this wave of rebellion because globalisation is a fact

"...The first warnings of what was to come appeared in the form of a briefing paper on the website of the UN's Food and Agriculture Organisation in December. "Recent bouts of extreme price volatility in global agricultural markets," it said, "portend rising and more frequent threats to world food security. There is emerging consensus that the global food system is becoming more vulnerable and susceptible to episodes of extreme price volatility. As markets are increasingly integrated in the world economy, shocks in the international arena can now transpire and propagate to domestic markets much quicker than before."
The "shocks" all occurred a long way from Cairo and Tunis. They included fires in Russia last autumn which wiped out hundreds of thousands of acres of grain; heavy rains in Canada, destroying the wheat crop there; hot, dry weather in Argentina which destroyed the soybean crop; the Australian floods which ruined the wheat harvest. The Middle East accounts for one-third of worldwide wheat imports. The combined effect of these far-flung agricultural problems was to bump up the food price index by 32 per cent in the second half of 2010."

"...In these poor countries, food purchases can consume 70 per cent of income. The result, when prices of flour and grains shoot up by 30 per cent, is extreme distress – the sort of distress that sends people out into the streets in fury..."

Peter Popham, The Independent, World, Sunday Feb 27th 2011

An entire'who's who' list of countries are piling up with revolts. African nations such as the Ivory Coast, Cameroon, Zimbabwe and Senegal through to the Middle East and also China now, unrest is growing everywhere at an astonishing rate.  Is it coincidence? Is globalisation to blame? Are the people being 'put up to it' by outside influences? Will the news repeaters find a way to blame some of America's most wanted.....?

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