this post was submitted on 01 Oct 2022
35 points (100.0% liked)

Memes

45202 readers
3227 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] AgreeableLandscape@lemmy.ml 10 points 2 years ago* (last edited 2 years ago) (2 children)

See: the covid-19 food market crash where farmers poured bleach on meat and vegetables, burned grains, and poured milk into sewers because they didn't want to sell at a low price, and hoped that by artificially limiting supply, the price will go back up.

This is the same strategy that DeBeers diamonds or oil cartels use. But because food is perishable and can't be hoarded like oil and diamonds, they "had" to destroy it.

[–] seanchai@lemmygrad.ml 9 points 2 years ago (1 children)

It is deeply depressing to know that there is enough food produced to feed the world at least three times over but that someone dies of hunger like every four seconds because they gotta keep those prices up.

With Indigenous agroforestry practices we could actually reduce agricultural exploitation, while simultaneously increasing soil richness, fixing more carbon and feeding the world.

[–] seanchai@lemmygrad.ml 8 points 2 years ago

The fact that this playbook was developed during the early days of the enclosures:

"In September 1565, in Antwerp, "while the poor were literally starving in the streets," a warehouse collapsed under the weight of the grain packed in it (Hackett Fischer 1996:88)."

Bands of wandering, starved workers staging raids on grain-sheds packed to bursting with food being hoarded for market speculation. Can't wait to relive the post-Black Death era next summer with you all <3

[–] lienrag@mastodon.tedomum.net 3 points 2 years ago (1 children)

@AgreeableLandscape It's not.
DeBeers and oil cartel keep things in the ground, they don't destroy them.

[–] seanchai@lemmygrad.ml 8 points 2 years ago

"But because food is perishable and can’t be hoarded like oil and diamonds"

This is AgreeableLandscapes specifically saying that these resources are hoarded, not destroyed, but that food can't be hoarded, so to create artificial scarcity and drive prices up it is destroyed en masse instead.