Tuesday, January 5, 2010

High Steaks Gamblin'

A country's meat consumption increases with its GDP per capita, but what happens to a country when foreign bankers make cold, hard wagers on its future food prices? The Food and Water Watch, a consumer NGO headquartered in Washington DC, published this report in November, 2009, which provides a startling look at the connection between Wall Street's investments (read: speculation) in the future prices of commodities--including food--and the sharp rise in global hunger attributable to higher food prices.