The Great World Bank Plan to Starve the World
The World Bank has announced, through its
chairman, Robert Zoellick, its proposals for the FAO meeting in
Rome. In an article for the Financial Times, Zoellick presents
his "Ten point proposal to tackle the global food crisis": the
first five points concern a series of hand-outs, including a fund
for seeds and grants for indebted poor nations. The real
proposals, however, are points 6 to 10, which call for more
biofuels (!), free trade and derivatives, and relaunching the
idea of a World Food Bank:
6. "Innovative instruments for risk management and crop
insurance for small farmers. Next week the World Bank's board
will consider derivatives for developing countries, with Malawi
being identified as a likely first client."
7. "Ease subsidies, mandates and tariffs on biofuels derived
from corn and oilseeds when prices are high. Cutting tariffs on
ethanol imported into the US and European Union markets would
encourage the output of more efficient sugarcane biofuels that do
not compete with food production."
8. "Remove export bans."
9. "Conclude a Doha world trade deal in order to remove the
distortions of agricultural subsidies."
10. "Greater collective action" on food stocks. "We might
explore an agreement among the G-8 and key developing countries
to hold `global goods' stocks, modelled on the International
Energy Agency."
{EIR} weekly reports these new Russian government moves in
detail, in its May 30 issue.
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