The following tweets
from Anastasia Bodnar @geneticmaize capture the essence of of rent
seeking and the impacts
on the the biotech sector.
@farminthehood @AgEconomist Opposition to M has resulted
in consumer and regulatory climate where only few big companies can do
anything.
Jun 14, 8:51 AM
via web
@farminthehood @AgEconomist So to be honest we don't really
know what small companies would do. They've all been quashed.
Jun 14, 8:52 AM
via web
Excellent analysis on her part.
See also :
See also :
The Constitution, Democracy, and Public Choice
Biotech and Rent Seeking
Rent Seeking and Biotechnology
Biotech and Rent Seeking
Rent Seeking and Biotechnology
And this from the New York Times is almost verbatim the first tweet above:
"Yet
today we have only a handful of genetically modified crops, primarily
soybeans, corn, canola and cotton. All are commodity crops mainly used
for feed or fiber and all were developed by big biotech companies. Only
big companies can muster the money necessary to navigate the regulatory
thicket woven by the government's three oversight agencies: the E.P.A.,
the Department of Agriculture and the Food and Drug Administration."
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