How the soaring price of bread will shake the foundations of the global economy

By Christian Parenti

, by SACSIS

What can a humble loaf of bread tell us about the world?

The answer is: far more than you might imagine. For one thing, that loaf can be “read” as if it were a core sample extracted from the heart of a grim global economy. Looked at another way, it reveals some of the crucial fault lines of world politics, including the origins of the Arab spring that has now become a summer of discontent.

Consider this: between June 2010 and June 2011, world grain prices almost doubled. In many places on this planet, that proved an unmitigated catastrophe. In those same months, several governments fell, rioting broke out in cities from Bishkek, Kyrgyzstan, to Nairobi, Kenya, and most disturbingly three new wars began in Libya, Yemen, and Syria. Even on Egypt’s Sinai Peninsula, Bedouin tribes are now in revolt against the country’s interim government and manning their own armed roadblocks.

And in each of these situations, the initial trouble was traceable, at least in part, to the price of that loaf of bread. If these upheavals were not “resource conflicts” in the formal sense of the term, think of them at least as bread-triggered upheavals.

Read more on Sacsis

Nouveautés

Formations

Ressources documentaires

Campagnes

À lire sur les sites des membres

Agenda

Tout l'agenda