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IPFS News Link • Food

Sickening Profits - The Global Food System's Poisoned Food and Toxic Wealth

• Off Guardian

The modern food system is being shaped by the capitalist imperative for profit. Aside from losing their land to global investors and big agribusiness concerns, people are being sickened by corporations and a system that thrives on the promotion of 'junk' (ultra-processed) food laced with harmful chemicals and cultivated with the use of toxic agrochemicals.

It's a highly profitable situation for investment firms like BlackRock, Vanguard, State Street, Fidelity and Capital Group and the food and agribusiness conglomerates they invest in. But BlackRock and others are not just heavily invested in the food industry. They also profit from illnesses and diseases resulting from the food system by having stakes in the pharmaceuticals sector as well. For them, it's a win-win situation.

Lobbying by agrifood corporations and their well-placed, well-funded front groups ensures this situation prevails. They continue to capture policy-making and regulatory space at international and national levels and promote the (false) narrative that without their products the world would starve.