'Unseen' News and Views – By Baher Kamal & The Like
17 June 2024 — In 2023, the nine nuclear-armed states spent a combined total of $91,393,404,739 on their arsenals – equivalent to $2,898 a second. ICAN’s latest report “Surge: 2023 Global nuclear weapons spending” shows $10.7 billion more was spent on nuclear weapons in 2023 than in 2022.
– Since 2008, farmland acquisitions have doubled prices worldwide, squeezing family farmers and other poor rural communities. Such land grabs are worsening inequality, poverty, and food insecurity.
Squeezing land and farmers
A new IPES-Food report highlights land grabs (including for ostensibly ‘green’ purposes), the financial means used, and some significant implications.
Jomo Kwame Sundaram
Powerful governments, financiers, speculators, and agribusinesses are opportunistically gaining control of more cultivable land.
The report notes the 2007-08 food price spike and financial crash catalysed more land acquisitions.
Quantitative easing and financialization after the 2008 global financial crisis enabled even more land grabs. Investors, agri-food companies, and even sovereign wealth funds have obtained farmland worldwide.
Agribusinesses and other investors want land to make more profits, urging governments to enable takeovers. Cultivable land is being used for cash crops, natural resource extraction, mining, real property and infrastructure development, and ‘green’ projects, including biofuels.
HUMAN WRONGS WATCH 