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The next crisis: “business-as-usual” will kill us all

2008 was the year of crisis convergence. Escalating oil price spikes coincided with similar spikes in the prices of staple foods, both driven by a combination of production-supply constraints, rocketing demand, and the ensuing bonanza of commodity trading on futures markets. Then the banks collapsed, prompting massive government bailouts designed to shore-up a crumbling financial … Continued

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2008 was the year of crisis convergence. Escalating oil price spikes coincided with similar spikes in the prices of staple foods, both driven by a combination of production-supply constraints, rocketing demand, and the ensuing bonanza of commodity trading on futures markets. Then the banks collapsed, prompting massive government bailouts designed to shore-up a crumbling financial system.

 

(lees stuk verder hier).