US and West fighting BRICK and other southern countries that want limits on speculation on food
Transcript: PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Washington. At recent international meetings, such as the G-20, there’s been all kinds of talk about the need to regulate finance, particularly as it affects commodity prices, especially food and energy.
There’s been a lot of talk about regulating finance, but there’s been very little concrete results. Countries like China, India, Brazil, and to some extent Russia (although Russia’s a little—has a foot in the other court) have been pushing for finance reform that will at least to some extent control the price of food. And in upcoming G-20 meeting expected in Mexico in June, a lot of focus will be on whether or not finance, and as it affects commodities, will be controlled … (full long transcript).
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