Since August 1st, the news is spreading that Monsanto had to abandon the construction of one of the biggest factories in the world for producing transgenic seed that was to be installed in Córdoba, Argentina, in the municipality of Malvinas Argentinas. From there they had planned to distribute seeds to Latin America and beyond. This is an occurrence of enormous importance, that the company has not wanted to admit publicly, because the reason for their exit is the persistent popular resistance from neighbourhoods, youths and mothers, who have blocked the factory since 2013.
Concentration in corporate power is the defining feature of today's global economy, with profound implications for livelihoods, well-being, the environment and human rights. ETC Group has long monitored the "Gene Giants" (who aggregate control over seeds, agrochemicals, pharmaceuticals, biotechnology, genomics and food processing and retailing). Today many of the same large corporations are touting the use of new technologies - including genomics, nanotechnology and synthetic biology - to transform biomass into high-value products or to manufacture materials "from the bottom up." They are moving from being - 'gene giants' to 'biomass-ters' or even 'matter moguls.'