World Development Movement urges food market regulation

[cory777]

Source: BBC

Greater regulation of the food market should be introduced by the government to stabilise food prices, according to an anti-poverty group.

A World Development Movement report said banks which caused the financial downturn created volatile food prices.

It said bankers poured money into commodities like wheat and maize after giving up on failed mortgages.

Banks have argued that food price rises are due to increased demand from China and the use of bio-fuels.

Read more: http://www.bbc.co.uk/news/uk-10679723

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[SunnySong]

1. Yeah cause bureaucratic control of food prices has never backfired....

Good Lord has anyone at the World Development Movement ever read a book????

[harmonicon]

2. have you?

We used to have regulated prices for agricultural goods in the US to ensure that prices were fair, and more importantly, that farmers were paid a living wage. Letting the so-called "free market" take care of these things has led to the destitution of the family farm in favor of the factory farm, the use of undocumented immigrant workers, and a general decline in the standard of living for most Americans.

[cstanleytech]

5. Sigh

Look, the fact is the USSR tried it and it ultimately failed thats just a simple fact, I'm not saying though that a free market is the best approach either because it to has its flaws but I am just saying we need a balanced approach because to much of either one brings about its own problems.

[Cleobulus]

6. When the fuck did regulation equal USSR's collectivization?

Seriously, how the fuck did you connect the USSR to this in your mind?

[cstanleytech]

9. Chill out.

Its like the USSR in that they tried price control if you recall and it didnt work to well for them, I'm not saying it will happen here though.

[harmonicon]

7. it's called parity

It is nothing like communism. It wouldn't need to exist if there were not independent food producers all working to serve the same market. It used to exist in the US and should still.

[Oregone]

3. Ok, then. We will leave it in the hands of the bankers

:wtf:

[Dogmudgeon]

4. How many calories are in a pound of Banker?

Grams of protein?

Are they a good source of omega-3?

--d!

[SunnySong]

10. They tend to be well marbled not stringy at all.

I prefer them before Bonus week because I like my meat lean... Of course quality counts make sure your banker has been certified organic and free of cocaine. Some people swear by Kosher but I find the Greenwich meat to be even more tender.

[NashVegas]

8. Centralized Control = Bad Fucking Idea

Or is anyone stupid enough to imagine such a board would not be controlled my Monsanto and Merck?

[MisterP]

11. of course, the banks are for increased food demand, since that narrows the margins

and allows for even greater volatility, and thus even greater profit