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The problem is that even with the seed rent-seeking, GMO crops are more productive and more profitable. The farmer still makes just enough money, with some cor
by estimator7292 1y ago
The problem is that even with the seed rent-seeking, GMO crops are more productive and more profitable.
The farmer still makes just enough money, with some corporate middleman skimming off the top for no good reason. It's not that the fees are untenable- obviously nobody will buy it if they can't make a profit. The problem is the corporate rent-seeking. Producers have to raise costs which percolates up into increased costs for consumers.
- onemoresoop 1y agoWhat would stop them from jacking up prices when they have monopoly? It's not like we haven't seen this scenario before..
- NoahZuniga 1y agoHow are the food costs raising if GMO crops are more productive? Shouldn't this increase supply and lower prices?
- 9rx 1y ago> How are the food costs raising if GMO crops are more productive? The farmer cries we've been hearing in the news over the last few months may be a little overblown, but they certainly aren't coming from a place where food costs are rising... > Shouldn't this increase supply and lower prices? Not necessarily. Prices are determined by supply _and demand_.
- pfdietz 1y agoIsn't this an argument against literally any technological advance?