Maybe someone should, oh I don’t know, reinstate the restrictions on speculation in the commodities market? Just a thought:
ROME — U.S. Secretary of State Hillary Rodham Clinton warned Friday that global shortages of food and spiraling prices threaten widespread destabilization and is urging immediate action to forestall a repeat of the 2007 and 2008 crisis that led to riots in dozens of countries around the developing world.
Clinton told a meeting of the U.N.’s Food and Agriculture Organization that urgent steps are needed to hold down costs and boost agricultural production as food prices continue to rise.
Although the situation is not yet as dire as it was four years ago, she said the consequences of inaction would be “grave.”
“We must act now, effectively and cooperatively, to blunt the negative impact of rising food prices and protect people and communities,” she said at the FAO’s headquarters in Rome.
Maybe you could stop them from happening in the first place?