We are told that it is big agribusiness, with its flashy techno-fixes and financial clout, that will save the world from widespread hunger and malnutrition and help food systems weather the impacts of climate change. However, a new report from ETC Group shows that in fact, it is a diverse network of small-scale producers, dubbed the Peasant Food Web, that feeds 70% of the world, including the most hungry and marginalized people.
Concentration in corporate power is the defining feature of today's global economy, with profound implications for livelihoods, well-being, the environment and human rights. ETC Group has long monitored the "Gene Giants" (who aggregate control over seeds, agrochemicals, pharmaceuticals, biotechnology, genomics and food processing and retailing). Today many of the same large corporations are touting the use of new technologies - including genomics, nanotechnology and synthetic biology - to transform biomass into high-value products or to manufacture materials "from the bottom up." They are moving from being - 'gene giants' to 'biomass-ters' or even 'matter moguls.'