UK firms blamed for food price hike

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Uploaded by on Feb 17, 2011

Banks and hedge funds in London are coming under increasing scrutiny over their practice of speculating on food prices.

The allegation is that financial institutions are buying up vast stocks of food, thereby forcing prices to rise.

This comes as food costs are increasing the world over. And as the revolt in Tunisia and other countries has shown, there is a social price to pay for this kind of rise.

Al Jazeera's Laurence Lee reports.

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News & Politics

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  • Great video exposing how out current system is manipulated for a few to profit causing many to suffer. It's totally unacceptable- time for a new system where this abuse is not tolerated, where all have access to their needs and the chance to have a dignified life- this is why the Equal Money System is being created, get involved- equalmoney,org

  • I loved what Deborah Doane said, that economic decisions are intrinsically decisions of morality. Great stuff. Only AlJazeera would have the balls to post a story like this. Thank you. I love your coverage, and I'm thankful for all these youtube videos, as access to AlJazeera on US television is quite limited.

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  • very informative video, great topic

  • @KellyPosey "Every economic decision does have a moral consequence" - Exactly. Time to Stop. Support an Equal Money System for a New Principle that Values all Life Equally.

  • So providing capital for food industries during natural disasters is evil? Strange world the people who made this video live in.

  • These assholes are making money by driving the price up, they don't give a shit about anything except making an easy buck, these financial institutions do nothing productive they just profit from everyone elses real productive capacity and are getting rich while we suffer, fuck you all you Wall street types, why don't you do something that's actually usefull and leave us the majority alone.

  • Brilliant round up of this game!

  • price of grains is very low compared to oil labor and other farmer input costs

  • sick terrorist bastards, these guys are the real criminals.

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