taiyokaze
09-04-2009, 11:06 PM
Tell Obama's Antitrust czar:
Investigate the Monsanto monopoly
Your message to Christine Varney, Assistant Attorney General for Antitrust:
"Monsanto represents the worst kind of monopoly, combining market dominance with a long history of abusive business practices. We, the undersigned, demand that you immediately begin an investigation into Monsanto with the intent to file charges for violations of antitrust law. "
The Monsanto monopoly needs to be investigated.
Massive seed corporation Monsanto — through acquisitions and cut-throat business practices — has cornered 90% of the soy, 65% of the corn, and 70% of the cotton market, and has a rapidly growing presence in the fruit and vegetable market, all without government anti-trust officials raising an eyebrow.
Not only that, but in order to be productive, the entire line of Monsanto's seeds all but require the use of Roundup herbicide, trapping all of their customers into buying it. And who owns Roundup? You guessed it, Monsanto.
Monsanto has, it seems, cornered the market on abusive monopolistic practices as well. In the middle of a recession, while farmers' incomes are dropping, Monsanto recently announced a 42% price hike on its most popular genetically modified seeds. When in many areas of the country distributors carry nothing but these seeds, this sure looks like evidence of a monopolist abusing its market position.
President Obama's antitrust chief Christine Varney has promised rigorous enforcement of antitrust law with a special focus on the agricultural sector. She should start with the worst of the worst, Monsanto.
Tell Assistant Attorney General Varney to open an investigation into Monsanto and its abusive business practices immediately.
Thank you for working to build a better world.
CREDO Action from Working Assets
Did you know CREDO has a Facebook page?
Investigate the Monsanto monopoly
Your message to Christine Varney, Assistant Attorney General for Antitrust:
"Monsanto represents the worst kind of monopoly, combining market dominance with a long history of abusive business practices. We, the undersigned, demand that you immediately begin an investigation into Monsanto with the intent to file charges for violations of antitrust law. "
The Monsanto monopoly needs to be investigated.
Massive seed corporation Monsanto — through acquisitions and cut-throat business practices — has cornered 90% of the soy, 65% of the corn, and 70% of the cotton market, and has a rapidly growing presence in the fruit and vegetable market, all without government anti-trust officials raising an eyebrow.
Not only that, but in order to be productive, the entire line of Monsanto's seeds all but require the use of Roundup herbicide, trapping all of their customers into buying it. And who owns Roundup? You guessed it, Monsanto.
Monsanto has, it seems, cornered the market on abusive monopolistic practices as well. In the middle of a recession, while farmers' incomes are dropping, Monsanto recently announced a 42% price hike on its most popular genetically modified seeds. When in many areas of the country distributors carry nothing but these seeds, this sure looks like evidence of a monopolist abusing its market position.
President Obama's antitrust chief Christine Varney has promised rigorous enforcement of antitrust law with a special focus on the agricultural sector. She should start with the worst of the worst, Monsanto.
Tell Assistant Attorney General Varney to open an investigation into Monsanto and its abusive business practices immediately.
Thank you for working to build a better world.
CREDO Action from Working Assets
Did you know CREDO has a Facebook page?