Neutron Bomb Inflation

Here’s a piece that I wrote for The Guardian about the global rise in food prices. Think of this inflation as a neutron-bomb-style inflation: a kind that goes after workers, but leaves their homes and places of work intact. Trouble is that the responses to this inflation that might protect the poor – government feeding and public works programmes – are the ones in the deficit hawk’s cross-hairs. It’s entirely possible to balance a budget and have large public works, but that means taxing the rich. In this political climate, that’s unlikely. So, watch out for more food rebellions in 2011. Continue reading “Neutron Bomb Inflation”

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