By David Moberg
July 2 , 2008
How deregulation fuels the global food crisis
In April, crowds of angry Haitians — reduced to eating mud cakes to staunch hunger — erupted in deadly protests against high food prices, forcing the prime minister to resign. The price of rice, a staple of the Haitian diet, had risen 16 percent on the world market last year, then shot up 141 percent from January to April.
Around the world, similar riots — or fears of them — have pushed governments to restrict exports, reduce tariffs, attack hoarding and take other desperate measures as prices of virtually all major food commodities have spiked — and often fluctuated wildly.
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