Global Food Crisis: Egypt and Sudan Join Forces For Food Security

The Center for Research on Globalization

No one can doubt that the news being transmitted from Egypt, and also from Sudan in early May, is dramatic. Egypt is in the throes of an economic crisis, inflation is reeling out of control, people have taken to the streets, and desperate measures taken by the government in an attempt to alleviate the strains on the population, may be not only ineffective, but even counterproductive.

The World Needs Food
Although the response of the government was inadequate, that was not the cause of the problem. Egypt is just one of many countries worldwide, which are being hit by hyperinflationary trends in food products. The cause lies in the insane international economic system, in which speculative funds drive up basic commodities, while globalization agencies like the World Trade Organization, the International Monetary Fund, the World Bank et al discourage or even punish production.(1) Add to this the psychotic craze of biofuels, which has further diverted arable land to grow corn for ethanol instead of food or foldder.