{"id":1751,"date":"2016-02-29T19:41:37","date_gmt":"2016-02-29T13:41:37","guid":{"rendered":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/"},"modified":"2016-02-29T19:41:37","modified_gmt":"2016-02-29T13:41:37","slug":"ideology-and-markets","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/","title":{"rendered":"Ideology and Markets"},"content":{"rendered":"

I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the motion and a vote of approximately 60:40 against the motion which was put forward by the Young Socialists who sought curb dramatic price rises on foodstuffs by restricting financial institutions from speculating on food and agricultural commodities. A most pleasing result for reality and pragmatism over the ideology (fantasy?) of the left-wing and inexperienced in my opinion. For me, the idea that trading or ‘speculation’ in commodities is in any way responsible for famine is, simply to be honest, total ignorance of the facts and how the real world works. Since human history has been recorded, people bartered goods and raw materials and when supplies were plenty prices were low and when supplies were scare, prices were higher. It is the fundamentals of supply and demand that primarily dictates price. Those who ‘speculate’ may add volatility but I will argue that they do not impact price unless they are in a position to influence the supply\/demand dynamics unfairly or improperly – in which case, that is fraud and not ‘speculation’. Besides which, what the Young<\/p>\n

The post Ideology and Markets<\/a> appeared first on CTRM Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the motion and a vote of approximately 60:40 against the motion which was put forward by the Young Socialists who sought curb dramatic price rises on foodstuffs by restricting financial institutions from speculating on food and agricultural commodities. A most pleasing result for reality and pragmatism over the ideology (fantasy?) of the left-wing and inexperienced in my opinion. For me, the idea that trading or ‘speculation’ in commodities is in any way responsible for famine is, simply to be honest, total ignorance of the facts and how the real world works. Since human history has been recorded, people bartered goods and raw materials and when supplies were plenty prices were low and when supplies were scare, prices were higher. It is the fundamentals of supply and demand that primarily dictates price. Those who ‘speculate’ may add volatility but I will argue that they do not impact price unless they are in a position to influence the supply\/demand dynamics unfairly or improperly – in which case, that is fraud and not ‘speculation’. Besides which, what the Young … continue reading<\/a><\/p>\n","protected":false},"author":4624,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[561,810,809],"acf":[],"yoast_head":"\nIdeology and Markets | Commodity Technology Advisory<\/title>\n<meta name=\"description\" content=\"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ideology and Markets | Commodity Technology Advisory\" \/>\n<meta property=\"og:description\" content=\"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commodity Technology Advisory\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-29T13:41:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Commodity Technology Advisory\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:site\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Commodity Technology Advisory\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\"},\"author\":{\"name\":\"Commodity Technology Advisory\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/109ae912025f0e8152f9ef9fd9ebdf29\"},\"headline\":\"Ideology and Markets\",\"datePublished\":\"2016-02-29T13:41:37+00:00\",\"dateModified\":\"2016-02-29T13:41:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"keywords\":[\"Markets\",\"Switzerland\",\"Young Socialists\"],\"articleSection\":[\"Industry News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\",\"name\":\"Ideology and Markets | Commodity Technology Advisory\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\"},\"datePublished\":\"2016-02-29T13:41:37+00:00\",\"dateModified\":\"2016-02-29T13:41:37+00:00\",\"description\":\"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the\",\"breadcrumb\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.comtechadvisory.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ideology and Markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"name\":\"Commodity Technology Advisory\",\"description\":\"CTRM Market Insights\",\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.comtechadvisory.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\",\"name\":\"Commodity Technology Advisory\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"contentUrl\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"width\":700,\"height\":700,\"caption\":\"Commodity Technology Advisory\"},\"image\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\",\"https:\/\/twitter.com\/comtechadvisory\",\"https:\/\/www.linkedin.com\/company\/2980731\",\"https:\/\/www.youtube.com\/user\/Comtechadvisory\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/109ae912025f0e8152f9ef9fd9ebdf29\",\"name\":\"Commodity Technology Advisory\",\"url\":\"https:\/\/www.comtechadvisory.com\/author\/commodity-technology-advisory\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ideology and Markets | Commodity Technology Advisory","description":"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/","og_locale":"en_US","og_type":"article","og_title":"Ideology and Markets | Commodity Technology Advisory","og_description":"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the","og_url":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/","og_site_name":"Commodity Technology Advisory","article_publisher":"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","article_published_time":"2016-02-29T13:41:37+00:00","og_image":[{"width":700,"height":700,"url":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.jpg","type":"image\/jpeg"}],"author":"Commodity Technology Advisory","twitter_card":"summary_large_image","twitter_creator":"@comtechadvisory","twitter_site":"@comtechadvisory","twitter_misc":{"Written by":"Commodity Technology Advisory","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#article","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/"},"author":{"name":"Commodity Technology Advisory","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/109ae912025f0e8152f9ef9fd9ebdf29"},"headline":"Ideology and Markets","datePublished":"2016-02-29T13:41:37+00:00","dateModified":"2016-02-29T13:41:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/"},"wordCount":212,"publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"keywords":["Markets","Switzerland","Young Socialists"],"articleSection":["Industry News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/","url":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/","name":"Ideology and Markets | Commodity Technology Advisory","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/#website"},"datePublished":"2016-02-29T13:41:37+00:00","dateModified":"2016-02-29T13:41:37+00:00","description":"I have been following with interest the vote in Switzerland on the motion of banning ‘speculation’ on food. The result was a defeat for the","breadcrumb":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/ideology-and-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.comtechadvisory.com\/"},{"@type":"ListItem","position":2,"name":"Ideology and Markets"}]},{"@type":"WebSite","@id":"https:\/\/www.comtechadvisory.com\/#website","url":"https:\/\/www.comtechadvisory.com\/","name":"Commodity Technology Advisory","description":"CTRM Market Insights","publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.comtechadvisory.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.comtechadvisory.com\/#organization","name":"Commodity Technology Advisory","url":"https:\/\/www.comtechadvisory.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","contentUrl":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","width":700,"height":700,"caption":"Commodity Technology Advisory"},"image":{"@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","https:\/\/twitter.com\/comtechadvisory","https:\/\/www.linkedin.com\/company\/2980731","https:\/\/www.youtube.com\/user\/Comtechadvisory"]},{"@type":"Person","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/109ae912025f0e8152f9ef9fd9ebdf29","name":"Commodity Technology Advisory","url":"https:\/\/www.comtechadvisory.com\/author\/commodity-technology-advisory\/"}]}},"_links":{"self":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/1751"}],"collection":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/users\/4624"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/comments?post=1751"}],"version-history":[{"count":0,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/1751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/media?parent=1751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/categories?post=1751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/tags?post=1751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}