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9 Votes
5 Comments
Justice investigation targets Monsanto
News Type: Event — Seeded on Fri Nov 6, 2009 10:10 AM EST
Article Source: St. Louis Journaladvertisement
The U.S. Justice Department's inquiry into Monsanto Co.'s marketing tactics in the biotech seed industry may be a leading indicator of the Obama administration's approach to antitrust matters in general.
Monsanto said earlier this month that it has provided interviews and documents in response to an inquiry from the Justice Department in connection with anti-competitive allegations raised by DuPont. The two are fierce competitors in the lucrative seed industry.
"The Justice Department has clearly begun a major investigation and is moving ahead, which is more than happened in the last eight years," said Peter Carstensen, a former Justice Department lawyer who teaches antitrust law at the University of Wisconsin Law School and studies mergers in the agriculture industry.
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{"commentId":10519199,"authorDomain":"PamelaDrew"}
When will we see a case for consumer rights that requires disclosure of Monsanto's genetically engineered ingredients on the food labels? If consumers had a choice a monopoly wouldn't be a problem; the free market would determine the market share.
Thank Congress for creating another "too big to fail" failure in free market, destroying competition and diversity with support for the lobbyists who feed them.
{"commentId":10519199,"threadId":"718299","contentId":"3468299","authorDomain":"PamelaDrew"}
- 7 votes
#1 - Fri Nov 6, 2009 10:15 AM EST{"commentId":10522790,"authorDomain":"whosthisguy"}
Right, I'd rather see the FDA looking into Monsanto and their practices than the justice department, but this is a start. However, if I'm not mistaken Monsanto has one of their goons in the FDA so I guess that wouldn't do much good.
{"commentId":10522790,"threadId":"718299","contentId":"3468299","authorDomain":"whosthisguy"}
- 6 votes
{"commentId":10523362,"authorDomain":"PamelaDrew"}
WDH...if I'm not mistaken Monsanto has one of their goons in the FDA
If only it were one! From Bush Senior's creation of "deregulated biotechnology" and Clarence Thomas on the Supreme Court to the Obama Appointees, Monsanto is well represented.
{"commentId":10523362,"threadId":"718299","contentId":"3468299","authorDomain":"PamelaDrew"}
- 5 votes
{"commentId":10532052,"authorDomain":"inghar2004"}
It's good news. Not great news, like putting them out of business would be, but it's a step in the right direction.
{"commentId":10532052,"threadId":"718299","contentId":"3468299","authorDomain":"inghar2004"}
- 4 votes
{"commentId":10539966,"authorDomain":"PamelaDrew"}
It's good news. Not great news...
Like everything in Washington, the least they can do is better than business as usual! Ugggh!
{"commentId":10539966,"threadId":"718299","contentId":"3468299","authorDomain":"PamelaDrew"}
- 5 votes
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