Monday, August 31, 2009

The U.S. versus Monsanto?

Did a warning shot just fly across Monsanto's bow? Most of the focus on the newly invigorated antitrust division of the Department of Justice has centered on the possibility that the feds are taking a hard look at Google's domination of the online advertising market. But for the foodies, organic and family farmers, and anti-GMO activists of the world, there's a far more provocative target at which to aim the antitrust cannon: the Roundup, GMO-corn and GMO-soybean king, Monsanto. This is not idle speculation. On Aug. 7, Philip Weiser, a newly appointed deputy assistant attorney general in the antitrust division, gave an important speech in St. Louis, which just happens to be where Monsanto is based. The title of the speech: "Toward a Competition Policy Agenda for Agriculture Markets." Weiser started off with some historical observations about the Sherman Act, the enabling legislative authority for antitrust enforcement, pointing out that worries about price fixing by "the Beef Trust" in the late 19th century encouraged senators representing agricultural states to support passage of the bill. Weiser then delivered a pair of pointed paragraphs unlikely to be received with smiles at Monsanto HQ...Salon

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