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Main Page  »  CULTURE  »  ECONOMICS
View Article  Manufacturing a Food Crisis (The Nation)

Nigerian child waits for food (AP photo)

This is not simply the erosion of national food self-sufficiency or food security but what Africanist Deborah Bryceson of Oxford calls "de-peasantization"--the phasing out of a mode of production to make the countryside a more congenial site for intensive capital accumulation. This transformation is a traumatic one for hundreds of millions of people, since peasant production is not simply an economic activity. It is an ancient way of life, a culture, which is one reason displaced or marginalized peasants in India have taken to committing suicide. In the state of Andhra Pradesh, farmer suicides rose from 233 in 1998 to 2,600 in 2002; in Maharashtra, suicides more than tripled, from 1,083 in 1995 to 3,926 in 2005. One estimate is that some 150,000 Indian farmers have taken their lives. Collapse of prices from trade liberalization and loss of control over seeds to biotech firms is part of a comprehensive problem, says global justice activist Vandana Shiva: "Under globalization, the farmer is losing her/his social, cultural, economic identity as a producer. A farmer is now a 'consumer' of costly seeds and costly chemicals sold by powerful global corporations through powerful landlords and money lenders locally...."   more »
View Article  As consumers step on the brakes, will the economy hit the wall?

After years of piling up debt and neglecting to save, Americans are reining in their free-spending ways -- which could signal a long road ahead... -- "We're at a watershed moment," said Jay P. Feldman, an economist with Credit Suisse in New York. "The era of consumers living beyond their incomes is at an end."

Most economists expect the gross domestic product for the first three months of the year to show that consumption inched upward a few tenths of a point, enough to keep the economy above the zero mark -- though barely. That pales next to the 2.5% and 3% leaps of recent years, and much of the rise will be the result of Americans' paying more, especially for food and gas, not buying more.

"This is going to usher in a period when consumption is going to be as weak as we've seen it in two decades," predicted Edward F. McKelvey, senior economist with Goldman, Sachs & Co. in New York. ...
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