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Tell Obama's Antitrust Czar: Investigate Monsanto

Discussion in 'Business, Lifestyle & Leisure' started by spnadmin, Sep 18, 2009.

  1. spnadmin

    spnadmin United States
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    1947-2014 (Archived)
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    Jun 17, 2004
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    Tell Obama's Antitrust Czar: Investigate Monsanto

    Massive seed corporation Monsanto -- through acquisitions and cut-throat business practices -- has cornered 90% of the soy, 65% of the corn, and 70% of the cotton market, and has a rapidly growing presence in the fruit and vegetable market, all without government anti-trust officials raising an eyebrow.

    Not only that, but in order to be productive, the entire line of Monsanto's seeds all but require the use of Roundup herbicide, trapping all of their customers into buying it. And who owns Roundup? You guessed it, Monsanto.

    Monsanto has, it seems, cornered the market on abusive monopolistic practices as well. In the middle of a recession, while farmers' incomes are dropping, Monsanto recently announced a 42% price hike on its most popular genetically modified seeds. When in many areas of the country distributors carry nothing but these seeds, this sure looks like evidence of a monopolist abusing its market position.

    President Obama's antitrust chief Christine Varney has promised rigorous enforcement of antitrust law with a special focus on the agricultural sector. She should start with the worst of the worst, Monsanto. Sign the petition to demand that Varney immediately open an investigation into Monsanto and its abusive business practices.

    Forwarded by forum member Tejwant ji by private email. :welcome:
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