Tag Archives: goldman sachs

The Global Land Grab: Frederick Kaufman Part II

We often hear about the resource curse in developing countries in terms of oil or precious minerals — most of us don’t associate the concept with food. But as this week’s guest on Sea Change Radio, food journalist Frederick Kaufman, has chronicled, in many parts of sub-Saharan Africa the resource of fertile land is being exploited in a way that is reminiscent of how other marketable resources have been appropriated.

Multinational companies and foreign governments are buying up mass tracts of land in poorer nations, growing food on that land, but then shipping all of it off elsewhere, depriving the populations of those countries both the resource and the profit it garnered. Kaufman explores how this reflects a change in global food security patterns, and offers his take on how enormous financial institutions like Goldman Sachs are reaping profits while others starve.

ViewPoint: John Harrington Seeks Economic Security from TARP Banks

johnharrington

Late last year, Harrington Investments President John Harrington filed shareholder resolutions at banks that received billions of taxpayer dollars under the Trouble Asset Relief Program.  Congress bailed out the banks because they are essential to the stability of our economy, so the resolutions ask for board committees to oversee US Economic Security.  Ironically, Citigroup and Bank of America have petitioned the SEC for permission to ignore the resolutions.Read the show transcript