Temporary Relief from Global Starvation…

Temporarily at least, the world seems to have weathered a decade-old crisis in food production, with stocks of the major grains except for corn rising to levels not seen since 2002 and 2003. Combined with that, as Asia Sentinel reported in November, investment banks, hedge fund and money market managers have been forced by Eurozone financial crisis and other global economic problems to witdraw funds out of speculation in commodities – a process that came to be known as “financialization” and which over the past 10 years turned commodities trading into something resembling a casino.

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