4.1 • 11.9K Ratings
🗓️ 1 October 2019
⏱️ 6 minutes
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0:00.0 | This TED Talk features social entrepreneur Muhammad Madaris, recorded live at TED Residency 2019. |
0:10.3 | It's been about a decade since the last financial crisis, and yet this industry has never been bigger. |
0:17.0 | Legislation that was meant to better regulate its largest players has hurt its smaller ones, |
0:22.2 | resulting in most of the industry's assets to be controlled by the top 1%. |
0:26.8 | They've become too big to fail. |
0:30.4 | I'm not referring to big banks, but the world of big agriculture. |
0:36.3 | As a public health practitioner who has worked with small-scale farmers in |
0:39.9 | Rwanda, and now as a small food business owner who sits at the intersection between our |
0:45.4 | consumers and producers, I've been exposed to one of the most ecologically and economically |
0:50.2 | intensive industries in the world. And throughout my work, I've witnessed a chilling irony. |
0:56.8 | Our farmers who feed our communities cannot afford the very foods they grow. |
1:03.8 | Today, a handful of corporations continue to consolidate the entire food supply chain. |
1:10.0 | From the intellectual property of seeds seeds to produce and livestock, |
1:13.6 | all the way to the financial institutions who lend to these farmers. |
1:18.4 | And the recent results have been rising bankruptcies for family farms |
1:22.5 | and little control for those who are just trying to survive in the industry. |
1:29.1 | Left unchecked, we will head into another economic collapse, one very similar to the farm crisis of the 1980s, |
1:35.6 | when commodity market prices crashed, interest rates doubled, and many farmers lost everything. |
1:42.8 | Fortunately, there's a very simple, three-part solution you can be part of right now |
1:49.5 | to help us transform our food industry from the bottom up. |
1:55.4 | Step one. |
1:57.2 | Shop at your local farmers' markets. |
... |
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