Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
  • Mood: busy

Behind the Wall Street Protest

... are these economic factors.  Basically it boils down to rich people and institutions tying up so much of the country's capital that the rest of the country can't function properly.
Tags: economics, news
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  • 36 comments
...go 4 levels up... Expand
siege

Re: Well...

siege

October 12 2011, 23:04:28 UTC 9 years ago

My favorite thing to say about lack is, "We could feed the planet right now. The primary cause of famine is poor distribution of resources."
gwendally

Re: Well...

gwendally

October 13 2011, 12:15:58 UTC 9 years ago

I read an interesting article about that: apparently they figured out at the U.N. a long time ago that the way to cure famine was to give the starving people cash. The food exists, but the people who have it aren't willing to pay to transport to a place where they know it will be seized and then THEY will starve. But they are willing to SELL it. So if the starving people have money and demand for food the market will send them food.

Sending food doesn't work that well because it gets stolen before it is distributed. Sending money works better. The people who are starving are pretty reliable about spending these dollars on the food the market provides.

Nearly all famines now are political in nature.

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