Thursday, May 08, 2008

Monsanto's Harvest of Fear - Now Targets Milk Production

In the following, the emphasis is mine and it's fucking insane.

Jesus H Christ clipping coupons, you'd think Monsanto's in the goddamn oil business.
Monsanto already dominates America's food chain with its genetically modified seeds. Now it has targeted milk production. Just as frightening as the corporation's tactics- ruthless legal battles against small farmers- is its decades-long history of toxic contamination. We speak to James Steele, contributing editor at Vanity Fair.

Monday's top story on the popular financial website begins with this advice to potential investors: "Everywhere you look people are grumbling - and in many cases rioting - about the high price of food. Before you buy a 20-pound bag of rice at Costco, consider hording shares of Monsanto."

It's true - while the rising cost of food pushes millions around the world into deeper hunger and scarcity, agricultural companies like Monsanto are posting record profits. The top seed maker in the world, Monsanto's stock has gained ninety-five percent over the past year and sixteen-hundred percent over the past five years. Monsanto's profits topped one point six billion in the first quarter, up thirty-seven percent from the same quarter last year.

If you're getting 7.5% (or less) interest on your savings, how to you feel about a fucking company getting sixteen-hundred percent over five years? Just asking.

You're getting fucked and they ain't even buying you dinner. Yeah, I know that's borderline sexist but it makes the point.

Note: Headline links to source.



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