The cruelest of cruelties

Hedge Fund Manager
Photo © Beatriz Rowland

"The cruelest of cruelties: the rich can afford to buy food at any price and the poor have to buy food at any price." - citizen bro

The United Nations are calling for a meeting this month as food prices jump. So what is the problem?

"Banks, hedge funds and pension funds are betting on food prices in the financial markets, causing drastic price swings in staple foods such as wheat, maize and soya. Massive price hikes are catastrophic for the world’s poor, who spend most of their income on food" - The World Development Movement (WDM) - a UK-based anti-poverty campaigning organisation.

WDM website