Since the 1980s, Monsanto has become the world leader in genetic modification of seeds, succeeding in at least 674 biotechnology patents, more than any other company — and they showed no signs of stopping … until now.
It seems Monsanto’s glory days may be coming to an end, which is a refreshing turnaround from last December, when Forbes declared this evil corporation “company of the year” — for reasons that truly boggle the mind.
Now, the tide is turning, and as the Times pointed out, signs are suggesting that Monsanto’s “winning streak” is over:
- Monsanto’s newest genetically modified (GM) product, SmartStax corn, provides no greater yields than older products, despite being more expensive
- Weeds are growing resistant to Monsanto’s Roundup
- The Justice Department is investigating Monsanto for possible antitrust violations
Already, shares of Monsanto’s stock have fallen 42 percent since January, and earnings for the fiscal year are expected to be well under projections.
To say this news makes me overjoyed is an understatement, as this company represents one of the biggest threats to your future health, and that of the planet.
Monsanto Monstrosities Swept Under the Rug
Why is Monsanto top on my hit list of evil corporations? Here is just a short list of the many improprieties and outright crimes committed by Monsanto:
- Suing small farmers for patent infringement after Monsanto’s GM seeds spread wildly into surrounding farmers’ fields, contaminating their conventional crops
- Secretly discharging PCB-laden toxic waste into an Alabama creek, and dumping millions of pounds of PCBs into open-pit landfills for decades after PCBs were banned in the US for being a possible carcinogen.
- Being found guilty of bribery to bypass Indonesian law requiring an environmental assessment review for its genetically engineered cotton.
- Last year, the supreme court of France found Monsanto guilty of falsely advertising its herbicide Roundup as “biodegradable” and “environmentally friendly.” Scientific evaluation discovered that glyphosate, the active ingredient in RoundUp, is acutely toxic to fish and birds and can kill beneficial insects and soil organisms that maintain ecological balance. Additionally, the surfactant ingredient in Roundup is more acutely toxic than glyphosate itself, and the combination of the two is even more toxic.
- In 2007, the South African Advertising Standards Authority also found Monsanto guilty of lying when advertising that “no negative reactions to Genetically Modified food have been reported.”
- According to one EPA scientist, Monsanto doctored studies and covered-up dioxin contamination of a wide range of its products. She concluded that the company’s behaviour constituted “a long pattern of fraud.”
- In 1999, the New York Times exposed that Monsanto’s PR firm, Burson Marsteller, had paid fake “pro-GMO” food demonstrators to counteract a group of anti-biotech protesters outside a Washington, DC FDA meeting.
This should give you a clue as to why I’m thrilled that Monsanto appears to be falling out of favor, at least in the stock market realm.
Monsanto is such a dangerous company – read the short list of improprieties.