06
Jul
08

Please Tell Me The World’s "Leaders" Are Not Really This Stupid

On the upcoming G8 summit in Japan:

foodpricessmallprod_affiliate91

German Chancellor Angela Merkel said the G8 leaders would agree on steps to fight the soaring price of food and to guarantee supplies.

The steps will provide short-term relief to the crisis and a long-term strategy to increase world agricultural production.

Rising food prices have pushed 100 million people below the poverty line, the World Bank estimates, and have sparked street riots around the world.

I know it’s too early to celebrate International Talk Like a Pirate Day but, “Arrr, shiver me timbers!” No one is even talking about how price supports for dumb initiatives such as biofuels are causing market distortions, raising food costs and dropping the world’s poorest people into starvation. I will go out on a limb here, though, and predict that the only “solution” they can up with is a more uniform scheme of economic fascism instead of simply disbanding the G8 which does nothing other than to guarantee that the world’s most economically influential countries inflate their money supplies at approximately the same rate.

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3 Responses to “Please Tell Me The World’s "Leaders" Are Not Really This Stupid”


  1. July 7, 2008 at 7:44 am

    To reply to your question, no, most of them are fairly bright people, our own Decider excepted, it’s that under a (nominally) democratic system, they don’t have to worry about retribution from the people they tread down into an economic system they themselves are utterly unaffected by. THIS is REAL inequality.

  2. 2 hungrybritain
    July 30, 2008 at 6:38 am

    Regardng the current uncertainties with food prices and the role of ever increasing demand from China and India. There is a greater need for us to conserve and be increasingly frugal about food consumption at home.

    Simple food saving tips are things we need to get used to and practice more regularly. Most of these are common sense and can be quite creative. You can find a list of free food saving tips at sites such as http://www.foodcrisis.co.uk amongst other similar sites as well.

    We all need to contribute to a fairer and a more foodwise program for ourselves.

  3. 3 Joe Pulcinella
    August 5, 2008 at 10:34 am

    Um, why not produce more food? What is different about food than other products where we can’t simply make more? Our wealth is not the reason for someone else’s poverty. The lack of private property is the cause of hunger. Take away property rights and you lose market signals and cause shortages. Happens every time.


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