UPDATE 5-U.S. agribusiness ADM to acquire Wild Flavors for $3 bln

Comments (1)
Jello.Beyonce wrote:

ADM lobbies for agricultural subsidies and price supports including sugar and ethanol. According to a 1995 report by the libertarian think tank Cato Institute, “ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM’s annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM’s corn sweetener operation costs consumers $10, and every $1 of profits earned by its bioethanol operation costs taxpayers $30.

Thank god our socialist guberment is directly responsible for the monstrous growth of multi-national conglomerates like ADM….and the destruction of free enterprise, small independent business, and ethical business practices.

Jul 07, 2014 4:04pm EDT  --  Report as abuse
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