FT News Briefing Iranian song fuels anti-regime protests
Oct 10, 2022
Calls for a World Bank overhaul to address climate change are gaining momentum, led by the US and Germany. In the Black Sea, a backlog of ships is straining Ukraine's grain exports. Meanwhile, a viral song has sparked a wave of protests in Iran, uniting the youth in their fight for freedom. Additionally, American farmers are grappling with the challenges of surviving in a post-globalization world, as they seek support amidst the dominance of large agribusinesses.
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Local Farmer's Struggle
- Wes Davis, a Black hog farmer in Missouri, struggles to sell locally.
- He cannot sell to a school six miles away due to intermediary regulations.
Benefits of Localism
- Localized supply chains can improve security and reduce emissions.
- Localism also strengthens communities by keeping wealth circulating within them.
Impact of Intermediaries
- Multiple intermediaries in the supply chain reduce profits for small farmers.
- Even with high commodity prices, many small farmers struggle due to these intermediaries.