Discussion:Would we let s'one starve millions?

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Discussion Forum Index --> General Chat --> Would we let s'one starve millions?


CrowJD (talk|edits) said:

26 June 2010
This is a crime story. I don't know what else you could call it.

http://harpers.org/archive/2010/07/0083022

I hope you can read the whole thing on line, if you can't, it's worth finding the article at a library.

P.S. You can also read it at Barnes and Noble, but do buy a cup of coffee at least. lol.

Snowbird (talk|edits) said:

1 July 2010
Having way too much fun off-line ... see profile picture! Here is a link to the original article (I think) The food bubble. I would have liked some substantiation of the "hundreds of millions slowly starved...". The only famines I remember in the last 20 years were the results of wars such as Ethiopia and Somalia. Of course, you had Old Joe's famine in the 30's where he starved 6 million Ukrainians in the name of social good.

I do believe that futures contract trading should be limited to ultimate physical delivery of the commodity ... that would limit the speculation. Hedging has a definite benefit to both the producer and consumer of a commodity, but I have never read a good defense of futures trading that substantially exceeds the physical volume such as the last oil commodity boom. Goldman Sachs, I think they are like the old Rockefeller trust and need to be broken up. Goldman somehow survives by screwing their own customers.

CrowJD (talk|edits) said:

1 July 2010
Yes, I believe that hedging has a definite benefit. The guy was weak about how he came to the 1 million figure. I thought it was an interesting article nevertheless.

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