A Good Question about the Food Crisis

Remember that global food crisis everyone was talking about last summer? Well, Jayati Ghosh, a professor of economics at the Jawaharlal Nehru University in India, certainly does, and she brings up some interesting questions in her piece in last Friday’s The Guardian, “Just a few months ago, we were being told that this is a period of stark, unprecedented and unfolding food crisis, with looming shortages and huge global imbalances between demand and supply,” she writes. What happened? Ms. Ghosh “credits” the worldwide bail-outs of financial institutions for diverting attention away from the critical issue.