Thursday, February 5, 2009

Where the money goes

At Counterpunch, Robert Bryce has written a harsh indictment ethanol citing more than a dozen sources which document different aspects of hidden costs of the ethanol "scam." The following statistics scream out about the injustice of wealth distribution around the world.

[I]n the U.S. only about 6.5 percent of disposable income is spent on food. By contrast, in India, about 40 percent of personal disposable income is spent on food. In the Philippines, it’s about 47.5 percent. In some sub-Saharan Africa, consumers spend about 50 percent of the household budget on food. And according to the U.S.D.A., “In some of the poorest countries in the region such as Madagascar, Tanzania, Sierra Leone, and Zambia, this ratio is more than 60 percent.”