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The Big Tech Backlash of 2018

Herbert Ponting Scott’s Terra Nova Expedition, Antarctica 1911

Something must be terribly wrong with the world. A few days ago Elizabeth Warren agreed with Trump on China, now Bernie Sanders agrees with him about Amazon. What’s happening?

Bernie Sanders Agrees With Trump: Amazon Has Too Much Power

Independent Vermont senator and 2016 presidential hopeful Bernie Sanders echoed President Donald Trump in expressing concern about retail giant Amazon. Sanders said that he felt Amazon had gotten too big on CNN’s “State of the Union” Sunday, and added that Amazon’s place in society should be examined.

“And I think this is, look, this is an issue that has got to be looked at. What we are seeing all over this country is the decline in retail. We’re seeing this incredibly large company getting involved in almost every area of commerce. And I think it is important to take a look at the power and influence that Amazon has,” said Sanders.

A backlash against Facebook, a backlash against Amazon. Are these things connected? Actually, yes, they are connected. But not in a way that either Trump or Sanders has clued in to. Someone who has, a for now lone voice, is David Stockman. Here’s what he wrote last week.

The Donald’s Blind Squirrel Nails An Acorn

It is said that even a blind squirrel occasionally finds an acorn, and so it goes with the Donald. Banging on his Twitter keyboard in the morning darkness, he drilled Jeff Bezos a new one – or at least that’s what most people would call having their net worth lightened by about $2 billion:

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The Oligopolization of Food Supply Hits a Snag

The Oligopolization of Food Supply Hits a Snag

Three companies to control 60% of world’s seed and pesticide markets.

German drug and agrichemicals giant Bayer has suffered a setback in its efforts to acquire the world’s biggest seed company, Monsanto. Bayer had reckoned on winning regulatory approval for its $63.5 billion takeover bid at the beginning of this year, but this week the company cautioned that it could take longer than expected to receive final clearance from EU regulators.

The corporate marriage between Bayer and Monsanto has already received the blessing of more than half the 30 antitrust authorities that need to sign off on the acquisition, including those in the US and Brazil. If given the go-ahead by the European Commission, this mega-merger would create the world’s largest supplier of seeds and farm chemicals.

Bayer’s interest in Monsanto is reflective of a trend that began decades ago but picked up speed in 2015: the increasing concentration of power and control over the global food chain. US giants Dow and DuPont were the first to tie the knot. Their merger, completed in 2017, resulted in a combined seed-and-pesticide unit that, in terms of annual sales, is roughly the size of its biggest current rival, Monsanto.

In the last two years, Chinese chemical giant ChemChina has bought up Swiss pesticide-and-seed player Syngenta; and fertilizer giants Agrium and Potash Corp of Saskatchewan have merged into a new mega-player called Nutrien.

This gathering process of oligopolization is happening at virtually all levels of the global food industry, including on the buy side — companies that purchase farmers’ crops and process them into livestock feed, food ingredients, and biofuel, as well as serve as the intermediary in grain export markets. But it’s the concentration of power and ownership in the global seed industry that should be the biggest cause of concern, since seeds are the primary link of the global food chain.

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How Corporations are Being Removed From the Food Supply

HOW THE CORPORATIONS ARE BEING REMOVED FROM THE FOOD SUPPLY CHAIN

The Poverty of Capitalism

The above quote is made by John Hilary, director of the NGO War on Want sums it all in his recent book The Poverty of Capitalism. The industrial food system is characterized by economic focus through an outgrowth of a long and on-going process that has allowed major agribusinesses—companies that supply the chemicals, seeds, equipment and services that are critical to industrial farms—to greatly determine and influence the modern food system. It’s estimated that in 2004 only 8% of farms in the US accounted for 72% of sales.

Further, the top ten seed firms were estimated to control the entire world seed market and the top ten agrochemical corporations controlled 84% of the $30 billion agrochemical market. Further, only six corporations – Monsanto, DuPont, Dow, Syngenta, Bayer and BASF – control 75% of the world pesticides market, Factory farms now account for 72 percent of poultry production, 43 percent of egg production, and 55 percent of pork production worldwide and only four corporations – ADM, Bunge, Cargill and Dreyfus – control more than 75% of the global grain trade who overwhelmingly push commodity crops like corn and soy on local farmers at the expense of native crops.

The major aim of most of these agri-corporations the world over is to earn profit through their operations. They are more concerned with their own interests and not those of the public. The policies of these organizations are usually profit oriented. The underlying policy is profit making leaving other superficial benefits constant. With the hegemony of transnational food corporations, food production has been reduced to becoming a model of profit generation instead of producing quality food production. Food is considered to be one of the basic requirements for humans to survive, and agriculture is one of the largest employers/ occupations in the world.

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The Chilling Thing an Industry Insider Said about Glyphosate, GMOs, and Why He Sold His Conventional Seeds Company

The Chilling Thing an Industry Insider Said about Glyphosate, GMOs, and Why He Sold His Conventional Seeds Company

Dan Romig, who along with his father co-founded Trigen Seed LLC in 1993 and bloodstresold to Limagrain Cereal Seeds in 2010, is an insider in the seeds industry. His father was head of R&D at Northrup King, a subsidiary of Syngenta, which Monsanto is currently trying to acquire.

The combined Monsanto-Syngenta behemoth would control a third of the globe’s seed and pesticides markets.

Among the controversies surrounding Roundup, Monsanto’s flagship product, and largest selling weed killer in the world, there is this one: the International Agency for Research on Cancer (IARC), a component of the UN’s World Health Organization, declared that glyphosate, one of the active ingredients in Roundup, is “probably carcinogenic.”

Don Quijones, in his article on WOLF STREET, Monsanto Bites Back, vivisected the implications of the Monsanto-Syngenta deal and issues surrounding glyphosate.

Dan Romig then commented on the article from his insider point of view, and in doing so also told the story of his company and why they ended up selling it. It’s a chilling, insightful, and important read:

By Dan Romig:

Glyphosate is now being used by grain producers to desiccate their fields before harvest. Four days before running the combine, growers spray their fields to kill weeds and their plants in order to have an easier harvest. But in so doing, glyphosate then enters the final product (wheat, barley, oats, and others). Almost every human being has it in their bloodstream.

 

Dr. Stephanie Seneff [Senior Research Scientist at MIT] has led the way in research on what this does to a person. As glyphosate gets into the digestive tract, it kills much of the beneficial bacteria and produces intestinal permeability, or ‘leaky gut syndrome.’ It also chelates minerals such as aluminum, and then ‘cages’ the aluminum which goes into the bloodstream, and finally ends up in the pineal gland. Look at the correlation between when RoundUp was invented in 1970, put into mass use around 1979 and then unleashed into GMO crops in the late 1990’s, and the rise in Alzheimer’s and autism among other neurological disorders.

…click on the above link to read the rest of the article…

Monsanto Bites Back

Monsanto Bites Back

Monsanto, the U.S. agribusiness giant that controls a quarter of the entire global seed market, could soon be even bigger and more powerful than it already is, following renewed speculation over its interest in Swiss agrichemicals firm Syngenta. The logic behind the deal is clear: Monsanto ranks as the world’s largest purveyor of seeds while Swiss-based Syngenta is the world’s largest pesticide and fertilizer company.

A Monsanto-Syngenta tie-up would “deliver substantial synergies that create value for shareholders of both companies”, said Monsanto president and COO, Brett Begemann, adding that cash from these side deals would make an acquisition easier to finance. It would also be the largest-ever acquisition of a European company by a U.S. rival.

The target, Syngenta, seems somewhat less enthusiastic. It is the second time in as many weeks that Monsanto has tabled an unsolicited offer for its Swiss competitor. The first time, on May 8, Syngenta politely but firmly rebuffed Monsanto, saying that the offered price of $45 billion undervalued the company. In response to the latest offer Syngenta said a sell-off of its seeds business would not be enough to allay regulators’ concerns about the tie-up.

The 2 C’s: Consolidation and Concentration

If the deal is consummated, the two companies combined would form a singular agribusiness behemoth that controls a third of both the globe’s seed and pesticides markets, as Mother Jones reports:

 

To make the deal fly with US antitrust regulators, Syngenta would likely have to sell off its substantial corn and soybean seed business, as well its relatively small glyphosate holdings, in order to avoid direct overlap with Monsanto’s existing market share, the financial website Seeking Alpha reports.

…click on the above link to read the rest of the article…

 

 

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