A yound protestor in Jakarta, Indonesia, calling for the World Bank to be shutdown. All round the globe the World Bank and IMF have been responsible for destroying local food economies.
by Walden Bello
07 June, 2008
Biofuel production is certainly one of the culprits in the current global food crisis. But while the diversion of corn from food to biofuel feedstock has been a factor in food prices shooting up, the more primordial problem has been the conversion of economies that are largely food-self-sufficient into chronic food importers. Here the World Bank, International Monetary Fund (IMF), and the World Trade Organization (WTO) figure as much more important villains.