Saturday, 13 October 2012

A deepening systemic crisis and rising social response

In the third quarter of 2012, several climate records were broken, in the US, India, the Arctic and many other parts of the world. The economic crisis has gotten worse in Europe and has begun to knock on the doors of the emerging economies. A global food crisis is on its way because of the droughts, the floods, the diversion of crops to biofuels, and the speculation on food commodities in the financial markets.