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Old July 30th, 2010, 10:23 AM   #1
nedwina
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Default African land grabs

Nice. As if Africa didn't have enough problems. Now wealthy outsiders are buying up land and growing crops for the international commodity markets.

http://www.guardian.co.uk/business/2...worldbank-food

More of the "get into commodity growing & trading, and the $ you get will enable you to buy other countries' imported food" nonsense. Somehow I don't think that this is going to balance well. It rarely does.

Last edited by nedwina; July 30th, 2010 at 10:26 AM.. Reason: not sure about that plural!
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Old July 30th, 2010, 06:47 PM   #2
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Default Re: African land grabs

Soveriegn wealth funds will do a better job than Zimbabwe, Sierra Leone, Liberia and others have done.
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Old July 30th, 2010, 06:54 PM   #3
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Default Re: African land grabs

I read the article and must have missed the part about land grabs. If the land is for sale, how is that a land grab?
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Old July 30th, 2010, 09:30 PM   #4
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Default Re: African land grabs

That's a scary concept, but it's happening on an incredible scale, mostly to feed the asian and saudi populations. The UN estimated 74 million acres were bought this way in the first half of 2009.
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Old July 30th, 2010, 09:32 PM   #5
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Default Re: African land grabs

Quote:
Originally Posted by FreakerSoup View Post
That's a scary concept, but it's happening on an incredible scale, mostly to feed the asian and saudi populations. The UN estimated 74 million acres were bought this way in the first half of 2009.
got a link for that?
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"In the house of the wise are stores of choice food and oil, but a foolish man devours all he has." - Proverbs 21:20
This is true for families........ and government

"Every election is a sort of advance auction sale of stolen goods." --H. L. Menchen

"The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other." --Ronald Reagan

"The urge to save humanity is almost always a false front for the urge to rule." --H. L. Menchen
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