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Economies should be shaped to suit man : Comments
By Nick Rose, published 15/1/2013However unlike Friedman, Eisenstein's proposals advocate the redistribution of wealth and a more egalitarian society, rather than continued wealth concentration and inequality.
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The independent is one of those silly fringe blogs that produce articles that deliberately misrepresent things to get attention. Headlines such as "Goldman bankers get rich betting on food prices as millions starve" are pure rubbish.
Farmers, Miners etc, in order to raise cash sell future production of food/minerals at close to expected future prices to purchase seed, equipment etc to produce the food/minerals. If the food price goes up, the financiers make more money, if it goes down they lose it, abd the farmer/miner makes a guaranteed profit. Without this financing, there would be less food produced, higher food prices and more people starving. The article could also be expanded to Nasty insurance companies betting on us dying, or our houses burning down.
This is apparent to those with an education. These articles appeal to the ignorant and narrow minded who appear to be in abundance in this thread.