Africa

A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction.

Yet World Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profiteering — thus maintaining the looting.

The term “Green Revolution” refers to the introduction of high-yielding varieties of staple food crops, particularly wheat and rice, into Third World countries, starting in the 1960s. The stated aim was to raise food production to end hunger and prevent revolution.

An unstated secondary aim was to raise the penetration of agribusiness into the Third World. Profits could be made by selling the new varieties of seed and the fertilisers, pesticides and equipment that were indispensable to their success.

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