The role of pension funds
The role of pension funds Global development news, comment and analysis | guardian.co.uk Pension funds that invest in the commodities market are pushing up food prices with catastrophic consequences for the poorest Hunger is a scourge that has many causes. Some are natural, the cyclones and tsunamis, volcanic eruptions and earthquakes that devastate communities and destroy crops. Others are entirely our own fault. They include wars – the spectre of hunger is never far away when fighting starts – and the hapless economic policies foisted on poor countries by richer nations in recent years as the price for trade and aid. Tax-dodging by some unscrupulous multinationals, which deprives developing countries of badly-needed revenues, is another problem. Today, hunger is growing as food prices reach record levels, and a further 44 million people, according to the World Bank, have found themselves reduced to conditions of extreme poverty since the middle of last year. ...