In 2020 and 2021, the world’s largest agribusiness corporations made $53.5 billion in profit. Meanwhile, the UN estimates that a smaller figure, $51.5 billion, would be enough to provide food, shelter, and lifesaving support for the world’s 230 million most vulnerable people.
Davi Martins, campaigner at Greenpeace International, says...
_____________________
What we are witnessing is an enormous transfer of wealth to a few rich families that basically own the global food system, at a time when the majority of the world population is struggling to make ends meet.
The top 20 companies, the biggest in the sectors of grain, fertiliser, meat and dairy, could literally save the world’s 230 million most vulnerable people and have billions of profit left over in spare change. Paying more to shareholders of a few food corporations is just outrageous and immoral.
Just four of the companies – Archer-Daniels Midland, Cargill, Bunge and Dreyfus – control more than 70% of the world’s grain trade, but they are under no obligation to disclose what they know about global markets, including their own grain stocks. These corporations are so greedy they have pushed small scale farmers and local producers, whose purpose is to actually feed people, out of the system.
Governments and policy makers need to act now to protect people from the abuses wrought by large corporations. We need policies that regulate and loosen the grip of corporate control on the global food system, or the current inequities will only deepen further. Essentially, we need to change the food system. Failure to do so is costing millions of lives.
_____________________
READ MORE HERE -- https://www.greenpeace.org/international/press-release/58426/food-security-agribusiness-rich-crisis/
#Poverty #Inequality #AntiCapitalism