mcgillianaire (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
mcgillianaire) wrote2008-05-03 05:45 pm
mcgillianaire) wrote2008-05-03 05:45 pm
Entry tags:
Why Are Food Prices Going Up? Trust Dubya To Explain It And Cause Havoc Halfway Across The World...
President Bush has raised a storm in India by attributing rising food prices to the growth of India's middle class. He was quoted as saying:
"So, for example, just as an interesting thought for you, there are 350 million people in India who are classified as middle class. That's bigger than America. Their middle class is larger than our entire population. And when you start getting wealth, you start demanding better nutrition and better food. And so demand is high, and that causes the price to go up." [Source]
Not surprisingly, the Indian political establishment is up in arms with this claim and lashing out at Dubya. Though all the three major political parties have responded angrily, they have each done so differently. The party leading the government, The Congress, have said that the major reason for spiralling global food prices was the diversion of land producing foodcrops to biofuel production in America. The Commies who prop up the government (with outside support) have gone for the time-tested "neoliberal economic policies imposed on India by the Bush administration" approach while the opposition BJP have blamed Bush's statement on the government's failure to control inflation. Other commentators are pointing out that India is a net exporter of rice, not importer. Really, who cares? Indian politics. It never fails to amuse.
Not surprisingly, the Indian political establishment is up in arms with this claim and lashing out at Dubya. Though all the three major political parties have responded angrily, they have each done so differently. The party leading the government, The Congress, have said that the major reason for spiralling global food prices was the diversion of land producing foodcrops to biofuel production in America. The Commies who prop up the government (with outside support) have gone for the time-tested "neoliberal economic policies imposed on India by the Bush administration" approach while the opposition BJP have blamed Bush's statement on the government's failure to control inflation. Other commentators are pointing out that India is a net exporter of rice, not importer. Really, who cares? Indian politics. It never fails to amuse.
no subject
Dubya makes me embarrassed to be an American.
Has no one seriously even mentioned the soaring costs of oil, and the fact that a huge percentage of food-production overhead goes to petroleum-based products?
WTFever.