Vandana Shiva on Al Jazeera English explains how, as mega-chains venture into industrial farming, they have created an epidemic of hunger- and generated billions in profit.
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New Delhi, India – In November 2011, when the UPA government announced that it had cleared the entry of big retail chains such as Walmart and Tesco into India through 51 per cent Foreign Direct Investment (FDI) in multi-brand retail, it justified the decision saying that FDI in retail would boost food security and benefit farmers’ livelihoods.
But the assurance that FDI in retail would ease inflation did not resolve the political crisis the government was facing; it deepened it. Parliament was stalled for several days of the Winter Session, after which the government was forced to withdraw its decision.
The story of FDI in retail goes back to 2005, when Prime Minister Manmohan Singh signed an agriculture agreement with the US, along with the nuclear agreement.