food crisis

not thinking the human costs

antarchi's picture

The social consequences of structural adjustment [imposed by the WTO] cum agricultural dumping were predictable. According to Oxfam, the number of Africans living on less than a dollar a day more than doubled to 313 million people between 1981 and 2001 – or 46% of the whole continent. The role of structural adjustment in creating poverty, as well as severely weakening the continent’s agricultural base and consolidating import dependency, was hard to deny. As the World Bank’s chief economist for Africa admitted, “We did not think that the human costs of these programs could be so great, and the economic gains would be so slow in coming.”

new york diners and the irrawady delta

antarchi's picture

it seems safe to estimate that the entire disposable wealth of the Irrawaddy Delta before the storm, that of its 3.5 million residents, could have been less than that of one table-full of diners at New York's Four Seasons Grill Room...

Working with figures from Forbes magazine, the IMF, and the UNDP, it's possible to estimate that there are between three hundred and a thousand individuals whose accumulated wealth is so vast that any one of them alone could pay each person in the Irrawaddy Delta for a year, and in the case of the richest, like Warren Buffett, could do it for six decades running and still have billions left.

selling off grain reserves

antarchi's picture

In 1998 and 1999, the Malawi government initiated a program to give each smallholder family a “starter pack” of free fertilizers and seeds. This followed several years of successful experimentation in which the packs were provided only to the poorest families. The result was a national surplus of corn...

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