georgephillip
Diamond Member
From the uprisings in the Middle East and Ivory Coast to Europeans revolting against "austerity" to labor disputes in the US heartland, globalization is melting down faster than Fukushima.
Since December 2008 food prices have soared 61% according to the IMF.
"The price of wheat has exploded, more than doubling in the last eight months to $8.56 a bushel. When half of your income is spent on food, as it is in countries such as Yemen, Egypt, Tunisia and the Ivory Coast, price increases of this magnitude bring with them malnutrition and starvation."
Closer to home some $17 trillion in wages, retirement benefits and personal savings has been "snuffed out" since Slick Willie, Phil Gramm and Larry Summers made their contribution to financial deregulation.
When globalization finally crashes, does it take 90% of
humanity with it?
Chris Hedges: The Collapse of Globalization - Chris Hedges' Columns - Truthdig
Since December 2008 food prices have soared 61% according to the IMF.
"The price of wheat has exploded, more than doubling in the last eight months to $8.56 a bushel. When half of your income is spent on food, as it is in countries such as Yemen, Egypt, Tunisia and the Ivory Coast, price increases of this magnitude bring with them malnutrition and starvation."
Closer to home some $17 trillion in wages, retirement benefits and personal savings has been "snuffed out" since Slick Willie, Phil Gramm and Larry Summers made their contribution to financial deregulation.
When globalization finally crashes, does it take 90% of
humanity with it?
Chris Hedges: The Collapse of Globalization - Chris Hedges' Columns - Truthdig