US Presidential hopeful Bernie Sanders recently tweeted: “It is no mystery why Monsanto fights against our right to know about GMOs in food – business is booming for this huge chemical company.”
Supporters of GMO are fond of telling everyone that this technology will ‘feed the world’ and those who oppose it are below the standards of common decency. But Sanders hits the nail on the head by implying commercial interests and huge profits take precedence over concern for the public good. Labelling would lead to consumers rejecting food containing GMOs.
Monsanto makes huge annual profits, and, as its front men, CEO Hugh Grant and VP Robb Fraley are amply rewarded. Grant brought in just under $12m in 2015. Fraley raked in just under $3.4m. In January 2015, Monsanto reported a profit of $243m (down from $368m the previous year).
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