The escalating crisis of soaring food prices and food insecurity is the result of a development model based on large-scale, export-orientated agriculture tied to international competition, self interest and stock market speculation. With at least 923 million people going hungry each day despite a huge surplus of food production, a reorientation towards local self-sufficiency founded upon the concept of ‘food sovereignty’ is urgently required.
Patel's new book 'Stuffed and Starved: The Hidden Battle for the World Food System'
makes visible the people behind the abstraction and reveals a global
food system that, with our complicity, continues to alienate farmers
and consumers alike, all while fattening the pocketbooks of a few
middlemen.
Spiraling food prices, rooted in the 'free market' re-structuring of global agriculture since the 1980s, has led to a worldwide process of famine formation on an
unprecedented scale.
With stock markets and the property sector in the United States weakening, speculative investors are turning to fuels and the food sector as a "safe haven", driving up prices in the process, say some food security activists. This is the logical sequence from the transformation of food from a basic human need to an economic ''commodity'', they point out. This has made it a lot easier for investors and trading houses to regard agricultural food as a legitimate target for speculation, hoarding and market manipulation, especially though the futures market.
Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation, The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry.