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Sustainable and Unsustainable Agriculture
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Joined: Mon Mar 10th, 2008
Location: Seattle, USA
Posts: 1082
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 Posted: Tue Jun 21st, 2011 11:04 am


Harvard, Vanderbilt, Spelman Exposed for Taking Part in “African Land Grab”
summary but see link for the way the hedge fund works and the role of Harvard

See the following disturbing report by Amy Goodman on the role of speculative hedge funds and investors in displacing poor African Farmers.

A new report raises questions about the connection of Harvard, Vanderbilt and other U.S. universities to European financial interests buying or leasing vast areas of African farmland. Called “Understanding Land Investment Deals in Africa,” the report by the Oakland Institute claims farmers in Africa are being driven off their lands to make way for new industrial farming projects backed by hedge funds seeking profits and foreign countries looking for cheap food. We speak with Anuradha Mittal, the executive director of the Oakland Institute. “We have heard about the role of these private hedge funds in food speculation and speculation of food prices, because they control commodities” says Mittal. “But when they start buying even the means of production — they control labor, they control large tracts of land, they control water, they dictate what is grown and how it is grown — it is the kind of vertical integration of a food system that we have never seen before.” [includes rush transcript]

Last edited on Tue Jun 21st, 2011 11:05 am by sydneyst

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