{"id":217979,"date":"2022-08-15T12:01:31","date_gmt":"2022-08-15T11:01:31","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=217979"},"modified":"2025-01-10T15:06:38","modified_gmt":"2025-01-10T15:06:38","slug":"hunger-factory-the-modern-horsemen-of-the-apocalypse-part-2","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2022\/08\/hunger-factory-the-modern-horsemen-of-the-apocalypse-part-2\/","title":{"rendered":"Hunger Factory: The Modern Horsemen of the Apocalypse (Part 2)"},"content":{"rendered":"<p><em>12 Aug 2022 &#8211; <\/em>While often too quickly attributing -quasi exclusively- the world unprecedented hunger tragedy to the current proxy war in Ukraine, other major causes remain hidden in plain sight.<span class=\"meta\"><span class=\"st_email\"><span class=\"stButton\"><span class=\"chicklets email\">\u00a0<\/span><\/span><\/span><\/span><\/p>\n<div class=\"featimg\" align=\"center\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"attachment-storypage_img wp-post-image aligncenter\" src=\"https:\/\/www.ipsnews.net\/Library\/2022\/08\/resilientagriculturalsystems-629x409.jpg\" alt=\"Food and energy prices have increased to their highest levels in decades. And 62 new food billionaires have been created. Credit: Bigstock.\" width=\"360\" height=\"234\" \/><\/p>\n<p class=\"wp-caption-text\" style=\"text-align: center;\"><em><strong>Food and energy prices have increased to their highest levels in decades. And 62 new food billionaires have been created. Credit: Bigstock.<\/strong><\/em><\/p>\n<\/div>\n<p>Like the legend of the <a href=\"https:\/\/www.britannica.com\/topic\/four-horsemen-of-the-Apocalypse\"  target=\"_blank\" rel=\"noopener\">Four Horsemen of the Apocalypse<\/a>, the modern ones are a mix of combined causes: inequality; speculation; indebtedness, and the crushing impacts of climate emergency.<\/p>\n<p><strong>1. Inequality<\/strong><\/p>\n<p>Further to IPS article: <a href=\"https:\/\/www.ipsnews.net\/2022\/02\/inequality-kills-one-person-every-four-seconds\/\"  target=\"_blank\" rel=\"noopener\">Inequality Kills One Person Every Four Seconds<\/a>, explaining how deadly inequality is and how it contributes to the deaths of at least 21,300 people each day\u2014or one person every four seconds.<span id=\"more-228813\"><\/span><\/p>\n<div class=\"simplePullQuote3\">And also to its story reporting on how <a href=\"https:\/\/www.ipsnews.net\/2022\/05\/inequality-tightens-grip-vulnerable\/\"  target=\"_blank\" rel=\"noopener\">Inequality Tightens Its Grip on the Most Vulnerable<\/a>, a number of key facts emerge from the accurate findings of one of the major bodies devoted to the fight against inequality: <a href=\"https:\/\/www.oxfam.org\/en\"  target=\"_blank\" rel=\"noopener\">Oxfam International<\/a>.<\/div>\n<p dir=\"ltr\" role=\"presentation\">Here are some of the major findings of its May 2022 report <a href=\"https:\/\/www.oxfam.org\/en\/research\/profiting-pain\"  target=\"_blank\" rel=\"noopener\">Profiting from Pain<\/a>, elaborated by this global movement of people working together with more than 4,100 partner organisations, allies, and communities in over 90 countries:<\/p>\n<ul>\n<li dir=\"ltr\" role=\"presentation\">Billionaires have seen their fortunes increase as much in 24 months as they did in 23 years. Those in the food and energy sectors have seen their fortunes increase by a billion dollars every two days. Food and energy prices have increased to their highest levels in decades. And 62 new food billionaires have been created.<\/li>\n<li dir=\"ltr\" role=\"presentation\">The combined crises of COVID-19, rising inequality, and rising food prices could push as many as 263 million people into extreme poverty in 2022. This is the equivalent of one million people every 33 hours. At the same time a new billionaire has been minted on average every 30 hours during the pandemic.<\/li>\n<\/ul>\n<h3><em><strong>2. Speculation<\/strong><\/em><\/h3>\n<p>Speculation is the likely engine moving the world\u2019s markets, which is driven by the dominating neoliberal economy.<\/p>\n<p>COVID-19 hit a world that was already deeply unequal, adds Oxfam. Decades of neoliberal economic policies have ripped away public services into private ownership and have encouraged the move toward massive concentration of corporate power and tax avoidance on a huge scale.<\/p>\n<p>\u201cThese policies have worked to deliberately erode workers\u2019 rights and reduce tax rates for corporations and the rich. They have also opened up the environment to levels of exploitation far beyond what our planet can bear.\u201d<\/p>\n<p>As COVID-19 spread, Central Banks injected trillions of dollars into economies worldwide, aiming to keep the world economy afloat, the report goes on. This was essential because it prevented a total economic collapse.<\/p>\n<p>\u201cNevertheless, in turn, it dramatically drove up the price of assets, and with this the net worth of billionaires and the asset-owning classes. An enormous increase in billionaire wealth has been the direct by-product of this cash injection.\u201d<\/p>\n<p><em><strong>The monopolies of food, energy, pharmaceutical, and technology<\/strong><\/em><\/p>\n<p>On top of soaring billionaire wealth, during the pandemic there has also been a profits bonanza in the food, energy, pharmaceutical, and technology sectors, says Oxfam, adding that corporate monopolies are particularly prevalent in these sectors, and billionaires who own large stakes in companies within them have seen their wealth balloon even more.<\/p>\n<p>\u201cMeanwhile, excessive corporate profit and power are contributing to price rises; in the USA, for instance, it is estimated that expanding corporate profits are responsible for 60% of increases in inflation.\u201d<\/p>\n<p><em><strong>The blanket energy subsidies<\/strong><\/em><\/p>\n<p>The <a href=\"https:\/\/news.un.org\/pages\/global-crisis-response-group\/\"  target=\"_blank\" rel=\"noopener\">UN Global Crisis Response Group<\/a> has recently referred to the \u201c<a href=\"https:\/\/news.un.org\/pages\/global-crisis-response-group\/\"  target=\"_blank\" rel=\"noopener\">blanket energy subsidies<\/a>\u201d. In fact, <a href=\"https:\/\/www.ipsnews.net\/2021\/11\/politicians-subsidise-fossil-fuel-six-trillion-dollars-just-one-year\/\"  target=\"_blank\" rel=\"noopener\">Politicians Subsidise Fossil Fuel with Six Trillion Dollars in Just One Year<\/a>. And they are set to increase the figure to nearly seven trillion by 2025.<\/p>\n<p>\u201cWhile blanket energy subsidies may help in the short term, in the longer term they drive inequality, further exacerbate the climate crisis, and do not soften the immediate blow of the cost-of-living increase as much as targeted cash transfers do,\u201d <a href=\"https:\/\/news.un.org\/pages\/global-crisis-response-group\/\"  target=\"_blank\" rel=\"noopener\">said <\/a>the report\u2019s author George Gray Molina.<\/p>\n<p>The report shows that \u201cenergy subsidies disproportionately benefit wealthier people, with more than half of the benefits of a universal energy subsidy favouring the richest 20% of the population.\u201d<\/p>\n<p><em><strong>Record profits: 100 billion dollars in just 3 months<\/strong><\/em><\/p>\n<p>\u201cAs the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people,\u201d on 3 August 2022 <a href=\"https:\/\/www.un.org\/sustainabledevelopment\/blog\/2022\/08\/calling-record-profits-from-oil-and-gas-amid-global-energy-crisis-immoral-un-secretary-general-urges-support-to-most-vulnerable-and-transition-to-renewables\/\"  target=\"_blank\" rel=\"noopener\">warned<\/a> the UN Secretary-General\u2019s <a href=\"https:\/\/news.un.org\/pages\/global-crisis-response-group\/\"  target=\"_blank\" rel=\"noopener\">Global Crisis Response Group (GCRG)<\/a> on Food, Energy and Finance.<\/p>\n<p>Despite this alarming situation, major oil and gas companies recently reported record profits, which UN chief Ant\u00f3nio Guterres called \u201cimmoral.\u201d<\/p>\n<p>\u201cThe combined profits of the largest energy companies in the first quarter of this year are close to $100 billion. I urge governments to tax these excessive profits, and use the funds to support the most vulnerable people through these difficult times,\u201d he said.<\/p>\n<h3><em><strong>3. Indebtedness<\/strong><\/em><\/h3>\n<p>Global debt is borrowing by governments, businesses and people, and it\u2019s at dangerously high levels. In 2021,<a href=\"https:\/\/www.reuters.com\/markets\/europe\/emerging-markets-drive-global-debt-record-303-trillion-iif-2022-02-23\/\"  target=\"_blank\" rel=\"noopener\"> global debt reached a record $303 trillion<\/a>, according to the <a href=\"https:\/\/www.iif.com\/\"  target=\"_blank\" rel=\"noopener\">Institute of International Finance<\/a>, a global financial industry association.<\/p>\n<p>This is a further jump from record global debt in 2020 of 226 trillion US dollars, as reported by the International Monetary Fund (<a href=\"https:\/\/www.imf.org\/\"  target=\"_blank\" rel=\"noopener\">IMF<\/a>) in its <a href=\"https:\/\/www.imf.org\/external\/datamapper\/datasets\/GDD\"  target=\"_blank\" rel=\"noopener\">Global Debt Database<\/a>, which explains that this was the<a href=\"https:\/\/blogs.imf.org\/2021\/12\/15\/global-debt-reaches-a-record-226-trillion\/\"  target=\"_blank\" rel=\"noopener\"> biggest one-year debt surge since the Second World War<\/a>.<\/p>\n<p>An <a href=\"https:\/\/www.weforum.org\/agenda\/2022\/05\/what-is-global-debt-why-high\/\"  target=\"_blank\" rel=\"noopener\">article<\/a> produced as part of: <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2022\"  target=\"_blank\" rel=\"noopener\">World Economic Forum Annual Meeting<\/a> specifies that low-income countries and households suffer the most from high debt levels, experts warn.<\/p>\n<p>External debt is the portion of a country\u2019s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions, they explain.<\/p>\n<h3><em><strong>4. Climate catastrophe<\/strong><\/em><\/h3>\n<p>The world\u2019s dangerous climate emergency did not start with the war in Ukraine on 24 February 2022.<\/p>\n<p>In fact, it began long decades ago and has been the focus of the world\u2019s scientific community, whose strong and loud alerts did not have the required echo in the so many successive, highly expensive summits and meetings.<\/p>\n<p>One of the harsh consequences of the human-made climate catastrophe is drought. In fact, drought is now pervasive in all regions, including the most industrialised ones, leading to a great loss of harvests, thus less food supplies, mounting markets\u2019 speculation.<\/p>\n<p>All this in addition to the dominating profit-making system of intensive farming, industrial mono-cultures, distribution chains, forest depletion for more farming, livestocks for meat business, etc.<\/p>\n<p><em>_____________________________________________<\/em><\/p>\n<p><strong><em>Read Part 1: <a href=\"https:\/\/www.transcend.org\/tms\/2022\/08\/hunger-factory-the-miracle-of-the-sudden-rise-and-fall-of-food-prices-part-1\/\" >Hunger Factory&#8211;The Miracle of the Sudden Rise and Fall of Food Prices<\/a><\/em><\/strong><\/p>\n<p style=\"padding-left: 40px;\"><em><a href=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2015\/12\/baher-kamal-e1454666328650.jpg\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-67245\" src=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2015\/12\/baher-kamal-e1454666328650.jpg\" alt=\"\" width=\"100\" height=\"150\" \/><\/a>Baher Kamal, <\/em><em>a member of the <\/em><a href=\"https:\/\/www.transcend.org\/\" >TRANSCEND Network for Peace Development Environment<\/a><em>, <\/em><em>is an Egyptian-born, Spanish national, secular journalist, with over 45 years of professional experience \u2014 from reporter to special envoy to chief editor of national dailies and an international news agency. Baher is former <\/em><em><a target=\"_blank\" href=\"http:\/\/www.ipsnews.net\/author\/baher-kamal\/\" >Senior Advisor<\/a> <\/em><em>to the Director General of the international news agency <a target=\"_blank\" href=\"http:\/\/www.ipsnews.net\/\" >IPS (Inter Press Service)<\/a> and he also contributed to prestigious magazines such as <\/em><a href=\"https:\/\/www.transcend.org\/tms\/\" >TRANSCEND Media Service<\/a>, GEO, Muy Interesante, <em>and<\/em> Natura, <em>Spain<\/em>. <em>He is also publisher and editor of<\/em> Human Wrongs Watch.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/human-wrongs-watch.net\/2022\/08\/12\/the-hunger-factory-ii-the-modern-horsemen-of-the-apocalypse\/\" >Go to Original \u2013 human-wrongs-watch.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>12 Aug 2022 &#8211; While often too quickly attributing -quasi exclusively- the world unprecedented hunger tragedy to the current proxy war in Ukraine, other major causes remain hidden in plain sight.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":217980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[952,2352,232,550,555,562,626,1966,610,1621,1912,2060,1714,278,961,1120,1160],"class_list":["post-217979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcend-members","tag-agriculture","tag-big-food","tag-capitalism","tag-corruption","tag-elites","tag-finance","tag-greed","tag-hunger","tag-inequality","tag-navdanya-international","tag-organic-agriculture","tag-profits","tag-right-to-food","tag-russia","tag-ukraine","tag-vandana-shiva","tag-world-order"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/217979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=217979"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/217979\/revisions"}],"predecessor-version":[{"id":284606,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/217979\/revisions\/284606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/217980"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=217979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=217979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=217979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}