Are Speculators Responsible For World Hunger?

Hunger is a painful sensation that is bought about the need for food and world hunger is a country in which there has been a scarcity of food and needs where malnutrition is abundant. According to statistics, around 925 million people are hungry in the entire world and it’s like 1 in every 7 people are hungry let alone malnourished.

What are the main cause of hunger and world hunger? There are many causes of this phenomena and one of which is poverty. Money can buy all things that are material and one of which is food.  Because of lack of resources, unequal distribution of both food and income and many more these leads to a country full of hungry citizens. Another leading cause is because of the economy of one’s country. There is definitely a control over the resources and these resources were not able to distribute fairly especially to the lower class. War causes poverty and so are the people getting hungry.  Countries that are at war like the Iraq and Somalia are experiencing hunger and malnutrition on their citizens.

But how about the speculators, are they too responsible for world hunger? To simply put, speculators are people that usually purchase and sells commodities, bonds and stocks. A food speculator will buy different shares of food commodity like rice or bread and will try analyzing this if the cost will be higher or lower in the long run. These speculators will attempt to gain profit by the fluctuations on the price and inflation as well. With this, speculators were blamed by different people like politicians and consumers for having unnaturally high prices in different commodities. While the speculators reasons for the price increase of the commodities especially food are that it is because of price gouging, supply and demand as well as hoarding by different suppliers and unequal distribution are the main cause.

It has been in our society for ages that we all depend on the market for the prices of our commodities particularly food. Betting on these valuable commodities and its price has raised different catastrophic effect on the different lives of millions of people in different countries especially in people with low income salaries. A pound of potatoes will always be a pound of potatoes even if the price increase for different various reasons.