Food Is A Commodity. Commodities Have Markets.
Markets Draw Speculators, Who Manipulate Prices.
Hey look, it's Goldman Sachs, again!
Frederick Kaufman is a professor at the City University of New York Graduate School of Journalism. He describes himself as an "anti-foodie"... Someone who confronts the orthodoxies and insanities of American food. Among the insanities, a 500% price rise in wheat between 2005 & 2008 which had nothing at all to do with supply and demand.
Kaufman points the finger at Wall Street in "
The Food Bubble," July's cover story in Harper's Magazine.
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| Audio Embed: BBC, PRI & WBUR's Here & Now 7/12/10, Host: Robin Young. |
Earthquake, tsunami,
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