#Food prices (e.g. wheat) have been going through the roof lately, and this cannot be explained by supply and demand rules only.
New investigation finds that market speculation is contributing to global #FoodSecurity crisis
https://m.thewire.in/article/economy/speculation-is-contributing-to-global-food-insecurity-significantly
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Same thing happened when the futures markets were liberalised a while back.
They became an investment vehicle for the already wealthy and prices went through the roof.
Chinese growth was blamed, but it was profiteering. There's a chapter about it in Taibbi's book "Griftopia".
