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A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.
Speaking on Jeff Randall Live, senior global economist Karen Ward cautioned that the UK could experience the kind of food riots seen in other countries.
"Even in the developed world I think we have very, very low wage growth, so people aren't getting more in their pay packet to compensate them for food and energy, and I think we could see social unrest certainly in parts of the developed world and the UK as well."
She went on to highlight the link between high food p
Great find mate . This has been planned for a long time , they want us to kill each other over food .
“In the past 20 years, the real price (adjusted for inflation) of food for consumers has increased by 2.8 percent, while the real price paid to farmers for their crops has decreased by 35.7 percent ”
The world's top 500 companies, it seems, employ 0.05 per cent of the world's population but control a quarter of the world's economic output.
The combined assets of the 50 biggest companies is now 60 per cent of the world's Dollars 20 trillion of productive capital.
In eight sectors, including cars, aerospace, electronics, steel, armaments and media, the top five corporations now control 50 per cent of the global market.
Increasingly the question is: who governs them? And for whom? Ten corporations now control nearly every aspect of the world's food chain. Four control 90 per cent of the world's exports of corn, wheat, tobacco, tea, pineapple, jute and forest products. www.guardian.co.uk...
...One of the most influential in creating the WTO in the first place was an organization called the IPC or the International Food and Agricultural Trade Policy Council or International Policy Council, for short.
The IPC was created in 1987 explicitly to drive home the GATT agriculture rules of WTO at Uruguay talks. The IPC demands removal of ‘high tariff’ barriers in developing countries, remaining silent on the massive government subsidy to agribusiness in the USA.
A look at the IPC membership will explain what interests it represents.
The Chairman is Robert Thompson, former Assistant Secretary US Department of Agriculture and former Presidential economic adviser.
Also included in the IPC are Bernard Auxenfans, former chairman Monsanto France; Allen Andreas of ADM/Toepfer;
Andrew Burke, Bunge (US);
Dale Hathaway former USDA official and head IFPRI (US).
Other IPC members include Heinz Imhof, chairman of Syngenta (CH)
Rob Johnson of Cargill (US) and USDA Agriculture Policy Advisory Council;
Guy Legras (France) former EU Director General Agriculture,
Rolf Moehler (Germany) former EU Director General Agriculture
. Donald Nelson of Kraft Foods (US);
Joe O’Mara of USDA,
Hiroshi Shiraiwa of Mitsui & Co Japan;
Jim Starkey former US Trade Representative Assistant;
Hans Joehr, Nestle head of agriculture;
Jerry Steiner, Monsanto (US).
And Members Emeritus include Ann Veneman, herself a board member of a Monsanto subsidiary company before she became US Secretary of Agriculture for George W. Bush in 2001.
In effect the IPC is run by US-based agribusiness giants including Cargill, Monsanto, Bunge, ADM, the very interests which benefit from the rules they drafted for WTO trade. www.publiceyeonscience.ch...
...It was former Cargill Vice-President, Dan Amstutz was the negotiator appointed to head the delegation, “...who drafted the original text of the Uruguay Round Agreement on Agriculture. Opening Southern markets and converting peasant agriculture to corporate agriculture is the primary aim of Cargill and hence the Agreement on Agriculture.
But opening markets for Cargill implies closure of livelihoods for farmers. W.T.O. rules are not just about trade. They determine how food is produced and who controls food production. For Cargill, capturing Asian markets is key. Asia happens to be the largest agricultural economy of the world, with the majority involved in agriculture. Converting self-sufficient food economies into food dependent economies is the Cargill vision and the W.T.O. strategy. www.zmag.org...