Filed under: General | Tagged: Al Jazeera, Business, food prices, oil prices, Qatar, Riz Khan, transportation, vegtables
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The one factor that they didn’t focus on is “bad government policy.” This would include corrupt governments.
The calls are all for more government intervention which we know from history that this will make things worse.
I get the impression from one of the speakers is that in 1900 when their were 1.6 billion people on the planet that there were few hungry people in the world. On a percentage basis, this is really nonsense.
While food prices are going up, this is after a century of rapidly falling food prices.
If we’d get rid of subsidies and tarriffs and let the markets work, you could fix this problem overnight except for those areas with corrupt governments.