Investment banks and hedge funds like Barclays Capital and Goldman Sachs are betting on food prices in financial markets. While they pocket billions in profits, global food prices are being driven up leaving millions facing hunger and deeper poverty. Combining risky financial gambling with a basic human need is a recipe for global hunger.
Excessive speculation on food prices needs to be curbed and we need your help to convince the UK government to back European proposals for regulation. George Osborne, the Chancellor, decides whether the UK will support regulation to rein in excessive speculation.
The World Development Movement is campaigning to curb excessive speculation on food. Please email George Osborne now asking it to support strong and effective regulation to stop banks from betting from hunger.
http://wdm.org.uk/food-speculation
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