Saturday, 10 May 2008

Global Food Prices on the Rise

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foodThe recent precipitous climb in global food prices is nothing less than “mass murder,” according to UN food envoy Jean Ziegler. In a recent interview with an Austrian newspaper, Ziegler, commenting on the climb in commodities prices that have triggered food riots in Haiti and growing lines from Latin America to Africa to Asia of hungry people seeking UN food handouts, suggested that the food shortages are a consequence of globalization.

Multinationals, market traders, financial speculators, and other “financial bandits” are responsible for the crisis. “Hunger has not been down to fate for a long time — just as Karl Marx thought.... This is silent mass murder,” he averred, adding, “We have to put a stop to this.”

And that’s the rub. “We,” of course, means UN authorities and kindred globalists, most of whom, like Ziegler, accept Karl Marx’s version of reality. To wit: financial crises, shortages, recessions, and other alleged “failures” of the free market are all consequences of the rapacity of wicked capitalists. Marx’s solution was to empower the state with absolute control over property and production, a program that has now been adopted to varying degrees by every country in the world, including the United States.

In one thing Ziegler is right: the looming global food shortage is indeed man-made, but the culprits are rather different from what UN officials would have us believe. The dizzying rise of oil prices has been the single most important contributor, driving up prices in supermarkets and commodities exchanges the world over. Oil prices are particularly susceptible to dollar inflation because of the large amount of oil purchased in dollars. When the Federal Reserve opens wide the money spigots, flooding the world with American paper money, the value of the dollar relative to a gallon of oil drops. But it was Karl Marx himself — patron saint of global socialism — who recommended, in The Communist Manifesto, the creation of all-powerful central banks like the Fed.

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