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View Diary: Economic Terrorism and Krugman's Latest: "The clear and present danger...is what is happening now." (267 comments)

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  •  Oil and food price are strongly correlated. (2+ / 0-)
    Recommended by:
    Floande, 4Freedom

    Oil goes up and food goes up.
    Commodity speculation by leveraging.

    •  Food prices have been increasing for years (3+ / 0-)
      Recommended by:
      My Name Isnt Earl, 4Freedom, cpresley

      due to fuel prices.  Not like this.

      Never meddle in the affairs of cats, for they are subtle and will piss on your computer.--Bruce Graham

      by Ice Blue on Fri May 06, 2011 at 06:23:15 AM PDT

      [ Parent ]

      •  And hardly anyone seems to notice how high (4+ / 0-)

        the price of food has gotten in just the last month or so. I thought surely people would begin to wake up over that, but so far all I hear is crickets.

        •  On food: (3+ / 0-)
          Recommended by:
          cpresley, aliasalias, Ice Blue
          Why Being a Foodie Isn't "Elitist"

          America's current system of food production - overly centralized and industrialized, overly controlled by a handful of companies, overly reliant on monocultures, pesticides, chemical fertilizers, chemical additives, genetically modified organisms, factory farms, government subsidies and fossil fuels - is profoundly undemocratic. It is one more sign of how the few now rule the many. And it's inflicting tremendous harm on American farmers, workers and consumers.
          - Eric Schlosser, "Why Being a Foodie Isn't 'Elitist'," May 1, 2011, The Washington Post

          The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. - Ernest Hemingway

          by 4Freedom on Fri May 06, 2011 at 08:52:00 AM PDT

          [ Parent ]

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