By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You're wrong. There's more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Here's the rest. This is the story of how some of the richest people in the world - Goldman, Deutsche Bank, the traders at Merrill Lynch, and more - have caused the starvation of some of the poorest people in the world.
It starts with an apparent mystery. At the end of 2006, food prices across the world started to rise, suddenly and stratospherically. Within a year, the price of wheat had shot up by 80 per cent, maize by 90 per cent, rice by 320 per cent. In a global jolt of hunger, 200 million people - mostly children - couldn't afford to get food any more, and sank into malnutrition or starvation. There were riots in more than 30 countries, and at least one government was violently overthrown. Then, in spring 2008, prices just as mysteriously fell back to their previous level. Jean Ziegler, the UN Special Rapporteur on the Right to Food, calls it "a silent mass murder", entirely due to "man-made actions."
Scramble the film backwards. Rewind. Go back to the day 10 years ago when the air here in Manhattan was thick with ash and Osama bin Laden was gloating. There were two options for the United States government -- to pick up a scalpel, or to pick up a blowtorch. With the scalpel, you go after the fundamentalist murderers responsible with patient policing and intelligence work, and steadily drain them of their support. With the blowtorch, you invade a slew of countries with a great blunderbuss of slaughter and torture -- and swell the army of enraged jihadis determined to kill. History branched in two possible directions that day.
The media has been lasciviously describing every blood-flecked cranny of the murder spree in Northumbria this week, while blankly ignoring the most important question - did we help to pull the trigger? Every time there is a massacre by a mentally ill person, like Derrick Bird's last month, journalists are warned by psychologists that, if we are not very careful in our reporting, we will spur copycat attacks by more mentally ill people. We ignored their warnings. We reported the case in precisely the way they said was most risky. Are we now seeing the result?