What will Trump decide about proposed super merger of Bayer and Monsanto?
The President of the United States is the most powerful position in the world and that is doubly true when we are talking about approving the mergers of mega corporations. Monopolies including Standard Oil, the Northern Securities Company, IBM, and AT&T have all been broken up by federal regulators.
While President Theodore Roosevelt (R) and Howard Taft (R) broke up a combined 135 trusts, more recent Presidents have been much more reluctant to interfere with corporations. In the banking crisis of 2008, rather than break up the large financial corporations that were largely responsible for the banking and securities crisis the government adopted a “too big to fail” mantra and actually used taxpayer money to prop-up and in many cases increase the footprint of the multi-national mega-banks. As critical as banking is to the economy; it is not food. President Donald J. Trump (R) is in the unenviable position of have in decide whether or not two of the world’s largest multinational agricultural firms, Bayer and Monsanto, may merge their global agro-chemical and seed business.
President Trump has yet to take a position on what is being increasingly called “the most far-reaching merger in the modern history of agriculture.”
On Monday Newsmax asked White House Press Secretary Sarah Huckabee Sanders what the President’s position was on the merger. Secretary Sanders told Newsmax: “I haven’t spoken to him on that. I’ll have to get back to you.”
Read more: http://www.alreporter.com/2018/01/25/will-trump-decide-proposed-super-merger-bayer-monsanto/
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