Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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Murder Through Starvation

Speculating on staple foods causes poor people to starve.  Remember that it is murder when one person knowingly causes the death of others.  Being rich and powerful does not make it other than murder, other than evil.  Also note that a majority of the perpetrators are white; a majority of the victims are people of color.  That's not an accident either.

Perhaps the perpetrators will be reincarnated as pearlfish.
Tags: activism, economics, ethnic studies, news, politics
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  • 14 comments
Do you know what the saddest thing for me about this article was? I'm not surprised nor shocked. Disgusted, infuriated and ready to tear heads from shoulders yes, but surprised, no.
Talking about staple food speculation: Up until a few years ago Texas used to be a major producer of rice for export. A lot of countries depended upon being able to buy reasonably priced rice from the US but that changed when real estate developers decided they could make a lot of money taking agricultural land and turning it into ranchettes for rich people down in Texas. Texas no longer exports large amounts of rice and because of that, the world price of rice took a major leap upwards and a lot of poor people went hungry and continue to do so because of it.
And all of this happened perfectly legally thanks to a small change in the law. (This was one of the news stories on 60 Minutes in the past year or so. I wish I could rewatch this episode as I'm sure I've forgotten important bits and pieces of it.)
:(
Shifting land from food production to idle entertainment is frequently a bad idea.
People forget that the money regulation laws that were put into place during the Great Depression were put there to prevent another depression from ever happening again.
And they did until those laws were taken off the books.
:\
I noticed that, yes. It's another reason I think those ill-gotten gains should be removed from the robber-barons and put back into circulation where they can do some good.
Unfortunately, that's probably not going to happen thanks to a little bill they managed to railroad through congress last year.
Congressmen can now get unlimited funding from corporations--there's no way any congressman is going to forgo that source of campaign funding!

It's amazing to me that it came and went on the news in just a few hours but stuff that's only opinion gets chewed over like bubblegum for weeks.
:(
>>Unfortunately, that's probably not going to happen thanks to a little bill they managed to railroad through congress last year.
Congressmen can now get unlimited funding from corporations--there's no way any congressman is going to forgo that source of campaign funding!<<

Yes, that's true. But they're going to find out that an economy with no sound foundation, and a government run as a plutocracy, are not going to work and will stagger from one crisis to another. That's dandy for distracting the masses -- but sooner or later something critical is going to hit the big hard crash.

>>It's amazing to me that it came and went on the news in just a few hours but stuff that's only opinion gets chewed over like bubblegum for weeks.<<

Like the corporate-owned media are going to cover something that awkward, that doesn't involve sex?
"Like the corporate-owned media are going to cover something that awkward, that doesn't involve sex?"

I can't argue with that.
:(

The quintessential libertarian/conservative/republican
would argue that the system corrected itself,
which, of course, it did--
when commodities speculators pushed the prices beyond what the market could bear,
they lost money.
But that's the problem with libertarians/conservatives/republicans;
they only care about people when not caring adversely impacts profits.
Meanwhile, the "corrected" market is now rewarding speculators who learned their lesson.
In addition to supporting growers and carriers and their ancillary support systems,
consumer expenditures are supporting people who just want to make money in the process.
Consumers everywhere are paying protection money to wealthy extortionists.
>>The quintessential libertarian/conservative/republican
would argue that the system corrected itself,<<

Yes, that principle asserts that it is desirable for an economy to spike and dive repeatedly. I would rather have one designed for moderate swells and dips than one that behaves like a junkie getting high and crashing.

>>Consumers everywhere are paying protection money to wealthy extortionists.<<

This is another big part of why the economy doesn't work properly, and ought to be illegal.
It's one thing if an investor puts in money
to make an endeavour possible,
and then gets a share of the profit
for doing nothing else,
or if a middleman
adds value to a product by transporting,
warehousing, or distributing it;
each of those is a form of work
for which the people doing it are entitled to compensation.
It's semething else entirely when an investor simply
adds a step to the process solely for the purpose of making a profit.
>>It's one thing if an investor puts in money
to make an endeavour possible,
and then gets a share of the profit
for doing nothing else,
or if a middleman
adds value to a product by transporting,
warehousing, or distributing it;<<

To some extent this is true: the extent to which such people take a fair share for their effort. Too many just use it as an opportunity to run the price up.

>>It's semething else entirely when an investor simply
adds a step to the process solely for the purpose of making a profit.<<

And there's a lot of this going on, where people remix investments to shunt the risks onto deliberately chosen victims (as in the housing market crash) or stack layers of transportation and distribution that again just run up the price. It's killing America's small farms, for instance -- almost all the money goes to middlemen, not to the farmers; but the prices for many foods are still uncomfortably high for consumers.
You know, even the medieval folks used to clamp down on the manipulation of food prices by controlling the size of loaves and the quality of the flour for sale in the burghs and punishing the folks that tried to do the poor out of their staple foodstuffs. Are we so useless that we can't even match the medieval period in its ability to help the poor and needy?
This is ridiculous.

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