Thursday, May 22, 2008

Olive Branches from Capitalism

Across India as many as 150,000 farmers have committed suicide in the past decade after falling behind in payments to money lenders, according to the Tata Institute of Social Sciences.

The farming sector has 70 per cent of the country's population depending on it for a living .

In February the Government's official annual economic survey said “Due to uncertainties in global markets and hardening of international prices of food ... the food security of India critically depends on the farm sector,”

And the solution ?

The desert of Rajasthan in the north of India is to be planted with a million olive trees grown in Israel according to the Times

The development of a cash crop that will be subject to the law of supply and demand and with overproduction of the said olive oil , the market price falling and debt once more for the Indian farmer

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