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Predatory Capitalism

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Headlined to H3 12/4/12

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Cross-posted from Mike Malloy


Amen.

And a serf worker class that owes its soul to the company store.

The Department of Justice has suddenly done an about-face on the Montsanto genetically-engineered food controversy. They began a three-year-long investigation, then abruptly ended it with no explanation. Why? Mother Jones reports:

"There's an age-old tradition in Washington of making unpopular announcements when no one's listening -- like, you know, the days leading up to Thanksgiving. That's when the Obama administration sneaked a tasty dish to the genetically modified seed/pesticide industry.

"This treat involves the unceremonious end of the Department of Justice's antitrust investigation into possible anticompetitive practices in the US seed market, which it had begun in January 2010. [1] It's not hard to see why DOJ would take a look. For the the crops that cover the bulk of US farmland like corn, soy, and cotton, the seed trade is essentially dominated by five companies: Monsanto, DuPont, Syngenta, Bayer, and Dow. And a single company, Monsanto, supplies nearly all genetically modified traits now so commonly used in those crops, which it licenses to its rivals for sale in their own seeds.

"What's harder to figure out is why the DOJ ended the investigation without taking any action--and did so with a near-complete lack of public information. The DOJ didn't even see fit to mark the investigation's end with a press release. News of it emerged from a brief item [2] Monsanto itself issued the Friday before Thanksgiving, declaring it had 'received written notification' from the DOJ antitrust division that it had ended its investigation 'without taking any enforcement action.'

"A DOJ spokesperson confirmed to me that the agency had 'closed its investigation into possible anticompetitive practices in the seed industry,' but would divulge no details. 'In making its decision, the Antitrust Division took into account marketplace developments that occurred during the pendency of the investigation,' she stated via email. I asked what precisely those 'marketplace developments' were. 'I don't have anything else for you,' she replied. Monsanto, too, is being tight-lipped--a company spokesperson said the company had no statement to make beyond the above-linked press release.

"Diana Moss, vice president and senior research fellow of the American Antitrust Institute, told me that the DOJ's information blackout on the case is unusual -- and frustrating. 'To have a two-year investigation and close it without a peep in our view does a disservice.' Moss is the author of a 2009 paper [3] concluding that the GM seed market 'requires antitrust enforcement and/or legislative relief.'"

Welcome to the New American Century. The hardware and software of the seed industry are being held hostage by Montsanto, which just begs for anti-trust investigations. But who cares, right? It's all Frankenfood anyway. But it's also about corporate control our our food sources, which is a concern to all of us.

 

www.mikemalloy.com

Kathy never expected a career in radio as a talk show producer. Born and raised in Atlanta, Georgia, Kathy was completing her nursing degree when in 2001 - in an emergency - she was asked to fill in as the producer of Mike's program. Within a few (more...)
 
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This article raises questions about the DOJ, and i... by janet jacoby on Wednesday, Dec 5, 2012 at 8:21:02 AM
Just wrote that seeds became patented in the198... by janet jacoby on Wednesday, Dec 5, 2012 at 8:37:11 AM
..more money for Monsanto and the people they boug... by Ginger McClemons on Wednesday, Dec 5, 2012 at 9:22:57 AM