Works In Progress


topic : Inflation

A “Perfect Storm” or A Manufactured Crisis? Understanding the Global Food shortage

June 2008

Photo:

by Marco Rosaire Rossi

An international consensus has formed that the world is in a middle of a “perfect storm” of factors causing the price of food to dramatically increase within a short period of the time. For some of the world’s poorest, the price of food has increased 80% since the beginning of the year. The World Bank has declared that 33 countries are facing political instability due to food shortages and that without the addition of $500 million to global food aid organizations, another 100 million people will be added to the list of 800 million who die every year of malnourishment and . . .

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