December 18th, 2008
It’s been very disturbing to me lately to read about how much farmland is being bought up around the world by transnational corporations. Here’s a really scary example of what is going on in the name of globalization and free trade:
Daewoo Logistics is a subsidiary of the South Korean conglomerate Daewoo Corporation. In November 2008, world media reported that it was securing rights to 1.3 million hectares of farmland in Madagascar — half the country’s arable soils. The company intends to produce corn for export back to Korea. Daewoo said the deal is meant to assure Korea’s food security. They described food as a weapon, and boasted that their job was to be able to ship food to Korea in case of crisis. A lot of people around the world were shocked by this news and called it neocolonialism.
Here’s the full article at Grain.org .