Marxists in India blame America for price hike of food – they lack common sense and are misinformed
Pravin Kashyap
May 8, 2008

There they go again. Any fault in India – blame it on America. The shameless communists in India blame now America for India’s food price hyperinflation. These communists lack common sense and are totally misinformed.

CPI(M) party Politburo member Sitaram Yechury said in order to cut their losses at home, "global speculators have chosen to shift their operations of derivative trading to commodity exchanges."

In a free market place that is possible. But the fact is speculation cannot alone drive the price 0of commodities that are so wide used. It it was Platinum or even silver, it can be justified. It cannot be true for corn, soybean, rice and wheat because the demand and supply volume is so enormous that speculators cannot dent the market place even a bit with their billions of dollars. They follow the market and try to make some money. In general over the long time, these speculators are the biggest losers. People who make money in the commodity futures markets are the option writers and exchange clearing houses scalping little profit here and there every minute.

The Indian communists are not well educated. They are misinformed and lack common sense. These are the same people who joined hands with Indian oligarchs like Tata to kill and dehumanize people of the countryside in West Bengal.

Marxists in India blame America for price hike of food – they lack common sense and are misinformed
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There they go again. Any fault in India – blame it on America. The shameless communists in India blame now America for India’s food price hyperinflation. These communists lack common sense and are totally misinformed.
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