Acceso usuarios
Giordano Sivini
Food crisis and financial speculation on commodities markets - In this article the author analyses the factors that have produced the rise in commodities prices, making exasperated a food crises that has been creeping for a long time. The tightly correlated evolution in prices for both agricultural and non agricultural commodities has called the attention on a specific financial instrument, the commodity index, that connects them to the futures market where international prices are fixed. To the commodity index make reference the major banks in Wall Street to manage their financial liquidity and that of institutional investors (pension funds, foundations, insurance companies), looking for new investment opportunities after the sub-prime crises. The speculations on both sub-prime and commodities show that, independently from the perspectives of accumulation, the over accumulated capital increases the rent by dispossessing the living conditions of millions of people.
