Saturday, July 2, 2011

Pope Blames Commodity Markets for World Hunger; Says Profit Greed Causes Millions to Die

The Life in Italy website reports today (July 2, 2011) that Pope Benedict XVI blamed selfish economic interests for world hunger yesterday at a United Nations Food and Agriculture Organization (FAO) gathering at the Vatican.

The Pope told those present: "How can we ignore the fact that food has become an object of speculation, or is connected to movements in the financial market that, lacking in clear rules and moral principles, seems anchored on the sole objective of profit?"

He went on to call for greater regulation of food commodity markets.

The overall cost of food was 37 percent higher in May 2011 than the previous year, according to the FAO Food Price index.

"Millions of children are condemned to death due to malnutrition," the Pope said.

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