Wednesday’s confirmation that Monsanto and Bayer have agreed to a $66 billion merger is just the latest of four M&A announcements, but at least three more game-changing mergers are in play (and flying under the radar). The acquisition activity is no longer just about seeds and pesticides but about global control of agricultural inputs and world food security. Anti-competition regulators should block these mergers everywhere, and particularly in the emerging markets of the Global South, as the new mega companies will greatly expand their power and outcompete national enterprises. Fou
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.'