“Hundreds of thousands of people will be starving” soon, the International Monetary Fund says. Government officials and food relief agencies quoted in the story cite growing “biofuel production” as a key reason. Ethanol subsidies and mandates are causing farmers to shift from producing food to producing ethanol. As a result, food riots have taken place across the world, in Mexico, Egypt, Pakistan, Indonesia, Haiti, El Salvador, Ivory Coast, and other countries.
Categorized | Agriculture, Economy, Energy, Environment, Global Warming, International, Precaution & Risk, Sanctimony
Hundreds of Thousands Will Starve, IMF Says
by Hans Bader
April 13, 2008 @ 8:54 am
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[...] Ethiopia, Indonesia, Mauritania, Madagascar and the Philippines in the past month“ (and in Pakistan and Mexico, [...]
[...] wrote about the unsavory politics that led to this crisis, the rioting it has caused, and the starvation that countless people across the globe face as a result. Finance ministers and central bankers [...]