Last week, Bayer, a transnational drug and pesticide company, secured funding for its $66 billion offer to acquire Monsanto, the world’s largest producer of agricultural seeds. This follows the announced $130 billion merger of chemical giants Dow and DuPont, and ChemChina’s proposed $43 billion purchase of the seed and pesticide firm Syngenta.
Bayer, DuPont, Dow, Monsanto, and Syngenta are five of the world’s six biggest pesticide and seed corporations. There are claims, which I find credible, that the “Big 6” and their products bear major responsibility for pesticide-resistant weeds and insects, and are implicated in impoverishment of small farmers, collapse of honeybee colonies, water pollution, and loss of biodiversity and soil fertility—all serious attacks on the common good. And similar consolidation continues in most every sector of the economy.
As individual corporations grow in size, global reach, and political power, we see a corresponding shift in the primary function of national governments—from serving the interests of their citizens to assuring the security of corporate property and profits. They apply police and military powers to this end, subsidize corporate operations, and facilitate corporate tax evasion. They let corporations off the hook with slap-on-the-wrist fines for criminal actions. Rarely, if ever, do they punish top executives.
We the People never voted to yield our sovereignty to transnational corporations. Nor was the corporate takeover a response to public need.