The "Monsanto Years" Are About To Become the "Bayer Years"
The "Monsanto Years" are about to become the "Bayer Years".
Today, the financial press is all abuzz about the $65 billion mega-deal between German pharmaceutical and chemical company Bayer AG and multinational seed and pesticide corporation Monsanto Co. The merger will further reduce competition in the “farm supplies industry” -- an already highly consolidated market -- while combining Bayer's crop science with Monsanto’s near-monopoly in seeds.
Does this re-branding change the calculus of corporate corruption? No, not at all.
This re-branding is simply another chapter in the desperate narrative to stay one step ahead of the average citizen waking up to the one of the longest running corporate crimes of all time. Oh really, one might ask? Well -- if in doubt -- check out Hidden History Of Bayer: IG Farben, Standard Oil, Wall Street, Nazi Germany .
As Sum of Us summarizes:
The merger would eliminate direct competition between two of the largest players in the traited seed sector, with direct consequences for seed development, herbicide markets, and innovative and open research and development.
A merger will mean the new Bayer-Monsanto conglomerate will control nearly 70% of the cotton acreage in the United States – unacceptably high by antitrust standards. It would also have unacceptable market concentration in wide swaths of commercial seed development and sales for other commonly used varieties, including traited canola, soybeans, and corn developed in North America.
The new corporation would likely lead to higher input prices, with less choice and higher food prices for consumers, and fewer non-biotechnology options available to farmers and consumers.
The Monsanto Years - Neil Young + Promise Of The Real
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More on Neil Young + Promise of the Real's album 'The Monsanto Years' (Reviews).