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A coalition opposed to California's Proposition 37 has collected $25M from corporate backers...
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Wednesday, August 22, 2012, 12:27 PM ETA coalition opposed to California's Proposition 37 has collected $25M from corporate backers including Monsanto (MON), DuPont (DD), PepsiCo (PEP) and Coca-Cola (KO), more than any other initiative. The legislation, if approved, would make California the first state to require labels on genetically engineered crops or processed foods that contain genetically engineered fruits or vegetables, such as corn, soybeans, sugar beets and Hawaiian papayas.
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This news story has 12 comments:
While we're at it, perhaps another 3 billion would goose the stem-cell research?
Can we rename California "Boondogglia?"
Poll after poll has shown that most Americans when informed of the effects on organic farmers, farmers in general and the possible health outcomes favor overwhelmingly regulating and requiring origin and content of GM food.
Funny California didn't just tax the products. That seems mpore their style. Then when people buy the stuff they will be taxed without even knowing it.
by the way I know that who sell seeds say it is all safe, but the reality is that we simply don't know the long term implications...
Though I live in a state where big money and unbridled power are always in complete control, (Texas), a lot of people want to know if what they are eating is genetically altered in a significant manner.
Look, not enough scientific research has been done here. When big industry will not monitor itself responsibly, then unfortunately government becomes involved. I personally loath the nanny state - but we wouldn't have outside regulation if people and companies monitored and regulate themselves honestly and prudently.
But this is not a tax (or boondoggle), just a requirement that manufacturers disclose *information*, as with the nutritional information already on labels. It's hard to see what's wrong with information. In fact, it might help the cause of genetically engineered foods and crops in the long run: after a few years of this information being available, and no one being injured, the people who are skeptical about such products might begin to lose their inhibitions.
As for the market. There has to be some downside to General Mills and Mars being in a coalition with Monsanto and Conagra.
Is that going to pan out at Whole Foods? Many won't care and they also don't care enough to vote. That segment of voters merely ignores propositions. The NO on 37 coalition may spend 100 million to defeat this measure because this issue is for all the marbles. I wonder when Monsanto's stock will get shorted?
California should also post food police outside every grocer. Anybody walking out with non-GMO foods in their possession should have their forehead stamped with "Science be damned - I just raped the Earth!".