Home > Other Issues in GM Foods > GM Foods and Corporate Power

GM Foods and Corporate Power

By: Ian Murnaghan BSc (hons), MSc - Updated: 7 Nov 2014 | comments*Discuss
 
Corporate Power Gm Foods Costs Profit

Genetically modified (GM) foods have been enormously controversial but the controversy does not only extend to issues regarding human health and the environment, but also the aspect of corporate power and domination of the food supply.

Given the success of several biotechnology companies, critics have argued that the links between these companies and regulatory agencies have biased the approval process and misled the public.

In response, these companies explain that the growth is from the fact they have created a successful product that benefits humans and has the potential to reduce poverty and hunger around the world.

Developing Nations and Reliance on Corporations

One of the key issues regarding GM foods and developing nations has been the balance and shift of power. Arguments against GM foods cite that the use of GM crops and production by developing nations makes these countries more reliant on wealthy nations such as the United States, where successful biotechnology companies have thrived and prospered on the GM food industry.

Another argument against GM foods is that they will prevent conventional crops from being grown in developing nations because the seeds tend to end up in other fields where non-GM crops are grown. In this way, it forces reliance on GM seeds and prevents non-GM products from being successfully grown.

Other people support the premise that this is not an issue of corporate power. Instead, GM seeds can improve crop yields and reduce issues with pests and herbicides, which thus allows developing nations to have better quality crops in sufficient quantities to tackle hunger and poverty.

Still, opponents believe that the current genetic engineering industry has caused a huge shift in power towards biotechnology companies. They cite that such companies have gained control over the entire chain of food production and crops, including the farmers who grow the crops.

Biotechnology Companies and Domination of the Food Industry

An important issue that has been repeatedly raised has been the donation of money from enormous, powerful biotechnology companies to various charities and government agencies that fund research and science. Some people see this 'scientifically friendly' image that is portrayed by biotechnology giants as misleading and done to help them receive profit and approval for their products as well as saturate the market.

In response, it is argued that these companies are simply being responsible and are providing funds to support an industry that they care deeply about improving and influencing. As with many corporations, money that is given to regulatory committees and those who have a major impact on food safety can be controversial.

A criticism of these kinds of 'alliances' is that it puts the supposedly objective government regulatory agencies in the same league as biotechnology companies, thus rendering their decisions biased in terms of assessing the safety, health effects and environment ramifications of genetically modified products.

Biotechnology companies argue that the process of approving a new product for production remains an onerous and challenging one, that is far from being biased by any funding provided to regulatory agencies.

Balancing the Power of the Biotechnology Field

It does seem that huge amounts of money have been directed to develop the biotechnology industry as a whole but perhaps not enough has been invested to investigate, monitor and study the effects of the industry and related costs and health issues. Hopefully, any imbalance of power within the industry will receive attention.

In turn, this can allow for GM foods to be used to whatever positive potential they may hold, while developing countries are respected and enabled to be self-sufficient and responsible to some extent for their production of food.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
I have a debate about the economic crisis due to gm foods. I was wondering if I could get a little more information about the California area -->United States-->The world
Gigi - 7-Nov-14 @ 8:49 PM
Share Your Story, Join the Discussion or Seek Advice...
Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Topics
Latest Comments
  • capitalistic bastard
    Re: Fact Sheet: Pros vs Cons
    If god is real then he would accept all his children. Including the lizard people and the angry demimgod Xenu. And I think he would…
    27 April 2017
  • dunno
    Re: Fact Sheet: Pros vs Cons
    Okay seriously calm down for one we don't know if god is real or not because we don't have solid proof except for "man's" word and we…
    25 April 2017
  • dragonhunter
    Re: Fact Sheet: Pros vs Cons
    i think that they can help alot.
    24 April 2017
  • Communist66642069
    Re: Fact Sheet: Pros vs Cons
    Why is everyone ignoring the fact that regarldess of the GMOs There are alien lizards ruling our governmentthey are the only god in…
    4 April 2017
  • fc222 IS WRONG
    Re: Fact Sheet: Pros vs Cons
    Attention. I have made another mistake. I assure that this will not happen again, and I thank you for your understanding. The previous…
    31 March 2017
  • poopy
    Re: Fact Sheet: Pros vs Cons
    this is a very cool they i love it its amazing
    30 March 2017
  • feministchristian222
    Re: Fact Sheet: Pros vs Cons
    This is the nickname I meant to set in my previous statement. I apear to have made a mistake, which will not happen again
    29 March 2017
  • feministchristian222
    Re: Fact Sheet: Pros vs Cons
    In this essay, I aim to explain why feministchristian222 has lied to you all. My first point is that God is decisively not real. After…
    29 March 2017
  • Heavenlord666
    Re: Fact Sheet: Pros vs Cons
    I agree with feminist christian. My son is now gay.
    29 March 2017
  • feministchristian222
    Re: Fact Sheet: Pros vs Cons
    gm crops are against the bibles rules. we should never mess with the eternal one's plan for us. if he says that normal rice should make…
    29 March 2017
Further Reading...
Our Most Popular...
Add to my Yahoo!
Add to Google
Stumble this
Add to Twitter
Add To Facebook
RSS feed
You should seek independent professional advice before acting upon any information on the GeneticallyModifiedFoods website. Please read our Disclaimer.