Reference Material:
The debt today is so high, it’s two hundred thousand rupees, three hundred thousand rupees of peasant who have no capital. They who know within a year or two, when they accumulate that kind of debt. Where is the debt coming from? It’s coming from a seed that is costing a hundred thousand to two hundred thousand rupees per kilogram, depending on what you got. Seeds that used to be free, used to be theirs. Pesticides each time, the more they use, the more they have to use, 12 sprays, 15 sprays, 20 sprays. Pesticides used in just the last five years in the land areas of India has shown up by 2000 percent. That’s why the free market and globalization have brought and since we are talking about peasants, who have no money, who have no capital, they can only buy expensive seeds and expensive pesticides by borrowing. And who lend that money? The seed companies that sell the pesticides, which are the same companies that sell the seeds, as you know, are now also the major creditors.
Sample Answer:
Indian peasants’ mounting debts are accumulating since they have to purchase seeds and chemical pesticides at the price which has increased by 2000% in 5 years. Because of the free market and globalization, peasants have no capital and the debts are never paid off. Thus, they have to borrow money from the suppliers that the same company of selling seeds and pesticides. Consequently, these companies became the major creditors.
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