Click here for reference to Primakov’s resource rent tax.
Posts Tagged ‘farmland rush’
Michael Hudson speaks to Max Keiser
Posted by seumasach on July 12, 2009
Posted in Financial crisis | Tagged: debt bubbles, decoupling, dollar decline, farmland rush, Goldman Sachs | Leave a Comment »
Fears for the world’s poor countries as the rich grab land to grow food
Posted by seumasach on July 6, 2009
The control of farming land is a crucial issue, but who, exactly, is acquiring it? This article lists purchases by South Korea, Saudi Arabia which come to only about 1,500,000 ha out of total purchases of 30 million ha. 8 million hectares have been acquired by South African interests. Are all these acquisitions really “to grow food for countries such as China and the Gulf states who cannot produce enough for their populations”? Couldn’t other players be involved? It is well known that a speculative bubble in farmland has developed with the collapse of the housing bubble and George Soros, who has been involved in buying up land in Argentina for some years, is once again to the fore. As the Anglo-Saxon financial system collapses the control of farmland, the ultimate real asset, becomes an issue not just for economic gain but for strategic control of the world.
John Vidal
3rd July, 2009
The acquisition of farmland from the world’s poor by rich countries and international corporations is accelerating at an alarming rate, with an area half the size of Europe’s farmland targeted in the last six months, reports from UN officials and agriculture experts say.
Posted in Ecological and Public Health Crisis | Tagged: farmland rush, George Soros, great land grab | Leave a Comment »
George Soros and Hedge Funds are Grabbing Farmland from Starving Farmers
Posted by seumasach on February 4, 2009
February 3, 2009 (LPAC)– Whereas nations lacking sufficient farmland might have a legitimate interest in developing agriculture elsewhere, things stand differently for private players such as George Soros and hedge funds. The latter are getting hold of vast territories of Kazakhstan, Sudan, Uganda, Indonesia, Madagascar, and even of starving Ethiopia, since most of these countries are hopelessly bankrupt and eager to get cash, wrote France’s Nouvel Observateur weekly of Dec. 23, 2008. The “farmland rush” taking place on a world scale was denounced by FAO’s Director General Jacques Diouf as “agrarian neo-colonialism.”
Nouvel Observateur noted that George Soros’s former business partner and co-founder of Soros’s Quantum Fund, Jim Rogers, is encouraging investors to go for this land-grab policy. “George Soros is heavily implicated in bio-fuels and owns land in Argentina. But in the last couple of months, with the financial crash, it’s the rush. Deutsche Bank and Goldman Sachs have massively invested in Chinese meat farms. Morgan Stanley bought 40,000 hectares in Ukraine, nothing compared to the 300,000 ha bought by Renaissance Capital, a Russian hedge fund.”
Posted in Ecological and Public Health Crisis, Financial crisis | Tagged: agrarian neo-colonialism, farmland rush, George Soros, hedge funds | 2 Comments »
In These New Times 