India smacks down the notion (set forth by President Bush and Secretary Rice) that food prices are increasing because of the rising middle class in India!?! Whoever fed this information to them did a great disservice because it makes them both look like idiots. From the article:
"George Bush has never been known for his knowledge of economics," Jairam Ramesh, the minister of state for commerce, told The Press Trust of India after Bush's remarks, which he said proved again how "comprehensively wrong" Bush is.
"To say that demand for food in India is causing increase in global food prices is completely wrong," Ramesh said.
Subsidies to Western farmers have undercut agricultural production in fertile areas of Africa for decades, Kamal Nath, India's minister for commerce and industry, said by telephone. Meanwhile, he added, Americans waste more food than people in many other countries, in part because they buy in such large quantities.
No comments:
Post a Comment