[OPE] The market, or starve: let them eat nothing

LONDON (Reuters) - Food aid is at a 20-year low despite the number of
critically hungry people soaring this year to its highest level ever, the
United Nations relief agency said Wednesday. The number of hungry people
will pass 1 billion this year for the first time, the U.N. World Food
Program (WFP) said, adding that it is facing a serious budget shortfall. To
date the WFP has confirmed $2.6 billion in funding for its 2009 budget of
$6.7 billion. "This comes at a time of great vulnerability for the hungry,"
the WFP said in a statement. "Millions have been buffeted by the global
financial downturn, their ability to buy food is limited by stubbornly high
prices. In addition, unpredictable weather patterns are causing more
weather-related hunger," the WFP said.
http://www.reuters.com/article/worldNews/idUSTRE58F1MJ20090916

So much for "market equilibrium": there exists a set of prices at which all
markets will clear... if you are in the market.

J.

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Received on Wed Sep 16 08:19:54 2009