The BBC Radio 4′s ‘World Tonight’ yesterday devoted the whole of their news programme to the question of global food security, and invited Ann Pettifor to comment throughout. She focussed on Goldman Sachs’s Global Commodity Index – (about which you can read more here in Foreign Policy) not very different from the ‘Collateralised Debt Obligations’ (CDOs) that had been used during the property bubble to ‘slice and dice’ assets, and make them available for speculative purposes.
The programming was in response to a recent statement by President Sarkozy to the World Farmers Union. He was speaking in his role as convenor of the upcoming G20 Summit in Cannes on 3-4 November, 2011, and called for greater regulation of financial markets: Continue Reading