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- The world’s five biggest asset management companies collectively own, since, 2016 between a tenth and third of the shares in the companies that control the major links in the industrial food chain;
- The huge involvement of ‘big data’ firms in food production is driving a process whereby data becomes a more valuable commodity than the actual food. This in turn leads to smaller-scale food producers losing their rights, and their food cultures, practices and knowledge systems that underpin diverse agricultures around the world;
- Supporting consumer trends, like the increase in demand for meat,but also alternative sources of protein, and “clean eating” to save the environment, allow big food companies to gain further control over consumer habits, rather than addressing real issues of both nutrition and sustainability.
The pressures from — and consequences of — these trends have the potential to push the focus of food system governance further in the wrong direction: away from local and national governments, farming communities, civil society and social movements, and into the hands of a limited number of increasingly dominant multinational firms that prioritize profit over the public good.