MON(STER)SANTO SHAREHOLDERS IN REVOLT?
While I was surfing around for things and combing through emails of articles all of you had sent me, I ran across this article, dated January 7 this year, and did a double-take. It seems that some Mon(ster)santo shareholders are becoming concerned about the financial risks to their company by its management's continued pressing of GMOs:
Press Release: Shareholder Resolution Calls on Monsanto to Disclose Financial Risks from GMOs
When I read this article, I was stunned by the first three paragraphs:
"Harrington Investments, Inc. (HII) has re-filed a shareholder resolution calling for the Monsanto Corporation (MON) to disclose the real financial risks to shareholders and other stakeholders for producing genetically modified organisms (GMO’s) over the past two decades.
“Monsanto increasingly keeps stakeholders in the dark, about the true financial risks of GMOs,” said John Harrington, President/CEO of HII.
“Crop contamination is wreaking havoc on people’s livelihoods, and we’ve seen reports that GMO’s are in 75% of our food supply. The corporation spends an incredible amount of shareholder money to prevent American consumers from knowing the extent to which it controls our national food supply.”
"The resolution specifically asks Monsanto’s Board of Directors to prepare a report assessing the actual and potential financial risks posed by the company’s GMO operations, from the cost of anti-GMO labeling campaigns to the devastating fallout of crop contamination hitting farmers around the world."(emphases added)
One can readily understand why shareholders of that company would be concerned, for there is not only a growing backlash against the perceived inadequacy of the testing of GMOs already brought to market, but also a growing concern that the procedures in place are not trustworthy, given the demonstrable revolving door between the big agribusiness companies like Duponzanto, Mon(ster)santo, and others, and the agencies supposedly erected to regulate consumer products and drugs like the FDA. Recently of course, farmers and consumers received another corporate kick in the gut by the completely unjust decision of the US Supremes,
But such behavior is inevitably only growing the concern and backlash against the whole idea. More and more countries are taking steps either to prohibit certain types of GMO crops, and are challenging the push to make American patent law an international standard in international law. Additionally, I have been predicting that inevitably the BRICS nations or someone else will step in and begin to compete directly with American agribusiness by offering and selling heirloom seeds. My point in maintaining this possibility is that inevitably markets will determine the issue, and if the perception is that the markets are rigged by corporations and their lackeys in government or courts, that perception will only grow.
These market realities and breakdown of confidence is reflected in these statements:
“Add to that the hundreds of millions spent in legal fees chasing after small farmers whose land is unwillingly contaminated with Monsanto products, and the millions farmers are spending to protect themselves, and you have a corporate empire financially committed to denying the reality of what’s happened to our food supply,” Harrington continued.
In the company’s proxy statement opposing the Resolution, Monsanto stated the corporation already complies with laws addressing a corporation’s responsibility to disclose financial risk to shareholders. According to Monsanto, preparing the risk report HII is calling for “would be redundant and provide no meaningful additional information to shareowners.”
Harrington disagrees, noting corporate disclosure documents do not adequately inform shareholders, stock analysts or rating agencies of the numerous risks facing the company.
“I think the end of the GMO-secrecy campaign will be here sooner rather than later,” Harrington said. “We have farmers heading to the Supreme Court taking on Monsanto’s bullying tactics; we have farmers who don’t even plant crops for fear of contamination; and we have farmers who are afraid that in the near future we won’t even have non-GMO seeds to plant.”
"GMO products are currently banned or restricted in over 60 countries. US wheat sales to Japan and Korea were recently rejected after a rogue Monsanto GMO was found growing among non-modified export crops in the US Northwest."
Rest assured, this is not solely Mon(ster)santo's fault; blame could equally be placed at other big agribusiness giants' feet and their GMOs. But Mon(ster)santo has become the poster child, the symbol, not only for GMOS, but for the culture of corrupted "corporate science", mercantilism, and government-corporate crony crapitalism that the whole GMO issue represents. It isn't just GMOs, it's the financial derivatives, too-big-to-fail too-big-to-jail banksters, fraud on a massive scale, whether it be in mortgages or what have you. It's the whole strong-arm tactics of corrupt out of control megacorporations and the super-rich that is at issue.
The issue isn't about whether people should have the right to accumulate wealth or property. They should.
The real question is, how it is done. American agribusiness has exemplified nothing but a kind of mafia-like behavior not only against farmers here and abroad not wanting their "products," but also in its disdain and use of corrupted agencies and branches of government. The GMO issue exemplifies what "the American way" has become: government of the corporations, by the corporations, and for the corporations. The public good, the individual farmer, be damned.
See you on the flip side.
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our foods were genetically modified, it was the biblical tree of life. They teach in schools that cave men over 50 generations took microscopic organism and increased the chromosomes with no benefit to the first 49 generations….and the children are put into life time debt for this nonsense they call education. They need the degree to get a job at Mickey D…
The difference now, is that the foods are designed to harm us. Big pharma is no different for that matter.
Yes Jonestown on a planetary scale this The General Dies At Dawn world wide the ultimate game of chicken. Since these Transhumanist intend to transcend their mortal coil why not take the rest of the biosphere to hell with you attitude which motivate these monsters. Even Marx, Lenin even Stalin maybe Hitler would appalled by big agribusiness behavior I suspect Monsanto can’t tell the good bugs from the bad death has always been their business one way or another. If it breathes kill it is their real motto.
marcos toledo your Monsanto motto is right on the money.
All of the dictators, especially Hitler–vegan, organic, back to the earth, nature-obsessed, proto-hippie Hitler–would have hated Monsanto et al, despite their corporatist approach. Both Hitler and Mussolini would have banned them outright (and, I have to admit, correctly so).
This Monsanto story is a perfect example of “the system”. This system feeds off live hosts & the world’s natural resources. , the world’s life-support systems everywhere – merely to feed the bankster private moneyed sequential systems. So “they” have been constantly taking away from life-requirements to multiply themselves(the multiplying private sequential currencies). This is the eyes-wide-shut war going on between these moneyed sequential cancerous systems & the life-requirements themselves. Currently grinding the disadvantaged of the world into the dirt in order to have more sequential money. Obama is a system & a creature of that system. That system is always masking itself to the surrounding life community and life needs; or it can’t keep growing. The system can’t allow the truth to be spoken. The basic structural system of society is a capitalist sequential private moneyed system in production for profit as its ruling principle. You can never call into question the ruling principle of a society(think holocaust & Israel/you break the law by simply questioning it). Not even a medical diagnosis and/or a scientific proof of this cancerous sequential money system of life’s needs on a societal level to heal the dying planet/environment will not be allowed. First to suffer are the disadvantaged. Like the small farmers being swallowed by monstersanto; and then you’re, all too soon, on the monster’s menu as well.
Obama is a symptom and a creature of that system…
Here is a bc comic that gets it.
The Chicago Way
It’s a bc comic dated for Feb 8 2014
Yep! That’t about all the concerned ‘investors’ are worried about: the financial risk to their portfolios. In other words, don’t confuse me with the facts, just shoot some adrenaline into my bottom-line.
But not to worry folks. Soon, with all of the spraying and weather modification taking place, nothing else but GMO crops and BGH cattle will be able to survive the toxic soup drenching the fields, left in the aftermath of this Scientism run amok.
We’re reminded of Lord Acton/Power corrupts, and absolute power corrupts absolutely.
Now the question is how to stop the “monsters on the loose”.