Monsanto gives up fight for genetically modified plants in Europe

Re:Monsanto gives up fight for genetically modified plants i... by tomjen3 on Friday May 31, 2013 @02:07PM (#5800219)

That shiploads are held back is actually a _great_ thing, maybe one of the best things capitalism does.

Yes it means you get to pay more (in some cases a lot more) for your bread. It also means that farmers make more money and enable them to sell their wheat _now_ when they need the money and not after they have been foreclosed and it puts a price floor on the market for wheat, insuring that the crops we need to prevent starvation will not rot on the fields.

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Re:Monsanto gives up fight for genetically modified plants i... by manmal on Friday May 31, 2013 @03:09PM (#5800703)

I agree that it's good for the sellers (farmers). But how is artificial scarcity and rising prices good against hunger? The argument about rotting crops is a bit weak, AFAIK crops can be stored quite well if kept dry.

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