Here’s an alarming reality, but still a good read…
The Financial Elite and the Global Land Grab
Region: USA in the World
The global financial crisis, which began in 2008, has significantly altered the way many speculators and financial institutions invest. Rather than taking huge risks with dodgy derivatives like credit default swaps and mortgage-backed securities, both of which have proven to be particularly volatile, many speculators have instead begun to invest in the most tangible asset of all: land. By doing so, financial institutions, and many governments, have engaged in “land grabbing” – a process by which large amounts of capital are invested in the purchase of land for large-scale agricultural production, while the farmers who have worked the land for generations are displaced and/or become renters on land that was once their own.