No single factor can be blamed for the global food crisis. An unlucky confluence of events over the past several years contributed to soaring prices.
Food protests and riots from Italy to Yemen have begun capturing worldwide attention, and policymakers are scrambling to point fingers at a litany of culprits—everything from climate change, high oil prices, a weak dollar and the biofuels boom, to meat eaters in China. All of these factors have played a part in the current crisis, but the blame game is also allowing one culprit—the principle protagonist in this story—to get away with not even a mention. It’s a character you might have heard of recently for its role in that little unfortunate sub-prime mortgage mess. That’s right, deregulation. More