Showing posts with label global food crisis. Show all posts
Showing posts with label global food crisis. Show all posts

24 April 2008

Greed Sucks

So there's a global food crisis and it boils down to this:

A commodities dealer named Christoph Eibl soberly concludes that financial managers just want to "benefit from the scarcity of these commodities."


So disgusting. People in the world are going hungry so people like hedge fund manager Dwight Anderson can get rich.

From the standpoint of these investors, poor harvests that drive up prices are only good for their portfolios. Many investors either don't care or are simply oblivious to the fact that by investing in the global casino, they could be gambling away the daily food supply of the world's poorest people.

You can read the article here and find links to more on the subject.