Take a stand against betting on hunger… again


30 October 2015

Lady Luck, roulette wheels, gamblers anonymous – just some of the creative ways we used to show how banks were betting on hunger. Our campaign won new rules to tackle the extremes of financial speculation on the most basic of needs. But now almost two years later, the European measures that were agreed are now at risk of being severely watered down.

Our campaign was launched in response to the global food crisis of 2007-8, which saw soaring food prices, leaving millions hungry and food riots sweeping through major cities across the world.

A key driver behind the surge in food prices was excessive speculation on prices in the financial markets by investment banks and hedge funds. As millions were going hungry, banks raked in the profits.

After four years of campaigning, legislation was agreed in January 2014 to introduce measures to tackle excessive food speculation. Since then the European Commission has been working on the implementation of the legislation and has only recently published its proposals.

Unfortunately its proposals would lead to a massive watering down of the measures that would tackle excessive food speculation and continue to leave millions across the world, vulnerable to volatile and unstable food prices.

Our previous campaign helped to mobilised hundreds of thousands of people across UK and Europe. It’s time to remind European decision makers that we haven’t gone away and that we still want people’s needs to be put before profits.

We have launched a new action, calling on the parliamentary negotiators – who are overseeing the implementation – to reject weak proposals and instead stand up for strong, effective rules.

 
Tags:

Blog

$2,340 for a Covid-19 treatment?

Yesterday US pharmaceutical company, Gilead announced that they will charge an extraordinary $2,340 for a five-day treatment course for the drug remdesivir, which is being used as a treatment for Covid-19. The drug has been developed with substantial amounts of public money in the US, with a reported $70.5 million of public investment

South African movements are building a Climate Justice Charter from below

Despite a temporary dip in carbon emissions due to the coronavirus pandemic, scientific calculations shows that it is highly likely that 2020 will still be the world’s hottest year on record.

6 ways to mark Windrush Day and challenge the racist hostile environment

Today is Windrush Day, marking the day 72 years ago when the Empire Windrush ship arrived at Tilbury Docks and gave its name to a generation of migrants from the Caribbean. It’s a day of celebration – but also necessarily a day of confronting injustice. Here's a reminder of why and how we can re-commit to demanding justice for the Windrush generation and demanding an end to the hostile environment for migrants, once and for all.