Hungry Capital: The Financialization of Food

Hungry Capital: The Financialization of Food

by Luigi Russi

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Overview

Over the past thirty years, the ability of global finance to affect aspects of everyday life has been increasing at an unprecedented rate. The world of food bears vivid testimony to this tendency, through the scars opened by the 2008 world food price crisis, the iron fist of retailing giants that occupy the supply chain and the unsustainable ecological footprint left behind by global production networks.
Hungry Capital offers a rigorous analysis of the influence that financial imperatives exert on the food economy at different levels: from the direct use of edible commodities as an object of speculation to the complex food chains set up by manufacturers and supermarkets. It argues that the circular compulsion to build profits upon profits that global finance injects into the world of food restructures the basic nurturing relationship between man and nature into a streamlined process from which value has to be mined. The end result is a monstrous Leviathan that holds together while – at every step – risks to crumble.

Product Details

ISBN-13: 9781780997711
Publisher: Hunt, John Publishing
Publication date: 03/16/2013
Pages: 173
Product dimensions: 5.40(w) x 8.40(h) x 0.60(d)

About the Author

Luigi Russi is an academic researcher at City University London and the International University College of Turin working on food and finance.

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