A very obvious example would be just be that in the 2000s, pension funds, mutual funds etc, created a bubble in commodities (oil, wheat) by purchasing large amounts of it (and its derivatives). Very painful for poorer countries, it wasn’t as bad as it would’ve been since 2000s also saw massive surge of $ abroad in form of foreign investments and demand in the West, so currencies stayed stable/appreciated.
Its best the rich play around with financial claims and electronic entries than real goods. Ofc, its best best if speculation didn’t exist at all.
A very obvious example would be just be that in the 2000s, pension funds, mutual funds etc, created a bubble in commodities (oil, wheat) by purchasing large amounts of it (and its derivatives). Very painful for poorer countries, it wasn’t as bad as it would’ve been since 2000s also saw massive surge of $ abroad in form of foreign investments and demand in the West, so currencies stayed stable/appreciated.
Its best the rich play around with financial claims and electronic entries than real goods. Ofc, its best best if speculation didn’t exist at all.