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Bread and Circuses (@breadandcircuses) · 11/2022 · Tröts: 4.038 · Folger: 9.429
Mi 24.07.2024 14:00
The Hunger Games is not just a book or a movie. It's a perfect description of how capitalism sees the food industry.
People need to eat to stay alive. If you have no moral compass, no ethics, you can make huge profits by manipulating and controlling that market.
As the article below says, the global food system produces enough to feed every person on the planet. Yet across the world, over 800 million people spend their days hungry. More than 2 billion have limited access to food.
Why such disparity, such inequality?
Because capitalists love playing monopoly games wherever they can and neoliberal government policies are allowing it to happen. Even while people go hungry...
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The global food system has become much more concentrated in recent years, partly through an increase in mergers and acquisitions, where large firms buy up rival companies until they completely dominate key areas.
High levels of market concentration mean less transparency, weaker competition, and more power in the hands of fewer firms. And research reveals that a rise in the number of mergers and acquisitions is taking place at all stages of the global food system — from seeds and fertilizers to machinery and manufacturing.
This is all part of food being increasingly seen as a source not only of human sustenance, but as a profitable investment — or what is known as the "financialization of food."
But big financial actors are all about the bottom line. They aim to maximize returns, provide value to shareholders, and meet the expectations of markets.
This makes mergers and acquisitions an attractive business proposition. Why make risky, long-term investments in sustainable food solutions, when you can buy your competitor, increase your market share, and potentially make a lot of money in the process? By boosting share prices and removing competition, buy-outs have been used widely throughout the global food system as an easier way to achieve further growth.
This has resulted in more concentration and fewer, more powerful firms. Just four firms control 44% of the global farm machinery market, two companies control 40% of the global seed market, and four businesses control 62% of the global agrochemicals market.
A small number of very big companies have come to dominate the production and supply of the food we all eat.
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FULL ARTICLE -- https://phys.org/news/2024-07-global-food-monopolized-health-communities.html
#Environment #ClimateChange #Capitalism #BusinessAsUsual
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