Imagine being able to provide food, shelter, medicine and clean drinking water for the 230 million most vulnerable people on Earth, and still having a cool $2bn in spare change. That’s the equivalent of the entire economic output of Gambia rattling around in your pocket.
The reason for this unlikely thought experiment is a new analysis showing that 20 of the world’s biggest food corporations – the largest in the grain, fertiliser, meat and dairy sectors – returned a total of $53.5bn to their shareholders in the last two financial years.
To put that into perspective, the UN estimates that it needs $51.5bn to provide life-saving support to 230 million people deemed most at risk worldwide. You get the idea.
