From Robert Reich
Watch your wallets. According to today’s Financial Times, the giant American agribusiness Monsanto is in merger talks with Bayer, the giant German chemicals and drugs group. Their merger would be the latest step in the consolidation of the world’s providers of seeds and crop-chemicals, after Dow and DuPont’s $130 billion merger in December.
Such mergers are giving a handful of global corporations increasing market power over the food chain. The result is both farmers at one end of the chain and consumers at the other end pay more.
It’s another hidden redistribution upward to the top executives and major shareholders of giant corporations.
Antitrust enforcers should block this merger but market power translates into political power. Monsanto’s political clout may push the merger through.
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This blog will focus on political images I have found all around the Internet, though I will intersperse some commentary and quotes that I find interesting.
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