• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Sunday, December 10, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

Biotech giant suffers blow as Brazilian Supreme Court rules in favor of farmers

Bishnu Rathi by Bishnu Rathi
February 21, 2023
in Americas, Geopolitics
Reading Time: 3 mins read
0
Bayer company
215
VIEWS
Share on FacebookShare on X

Bayer company issue: Global capitalism is a paradigm change away from national economies, in which individual countries oversaw and owned production processes under state capitalist regimes, and towards the integration of “national circuits” into new global production and accumulation circuits.

As a result, global capitalism has given rise to a new breed of global capitalists whose interests extend far beyond national borders, as they pursue global circuits of production and accumulation, typically aided and sheltered by supranational institutions such as the World Bank, IMF, and United Nations. Within the global systems, a new transnational state has emerged, whose obligation is not to assemble manufacturing and acquisition within the environs of state capitalism, but rather to expedite globalism processes by creating an enabling environment to prefer global capitalists in the name of TNC’s.

Also Read

“Prepare for Bad News from Ukraine,” Stoltenberg drops the Truth Bomb

First Rejected, Now Expelled: Germany has completely Abandoned Kyiv!

(Source: Reuters)

TNCs play crucial roles in the global capitalist social framework, influencing the political and social agendas of both their home and host countries. However, their responsibilities in delivering finance, technology, and technical skills in the global system are being contested. There is substantial evidence in the literature that TNCs exploit employees in their host nations in their quest of global capitalism.

Supreme Court favors Soybean farmers

A recent example of this is the case of the German company Bayer. The multinational company has been ordered by Brazil’s Supreme Court to return royalties charged for GMO soybean seed, the Intacta RR2 Pro, to Brazilian soybean farmers. The seed was created by Monsanto, which was later acquired by Bayer company.

(Source: Genetic Literacy Project)

The verdict is the latest chapter in a long dispute between the agricultural research firm and Brazilian farmers, who have filed numerous legal challenges against the company.

In 2017, Mato Grosso farmers sued Monsanto over the same genetically engineered seed, arguing that it did not contribute any technological advance and should have its patents revoked. Additionally, soy producer associations from ten Brazilian states joined the lawsuit two years later.

Read More: Brazil sets the ball of ‘De-Dollarisation’ rolling in South America

According to the ruling, Bayer company will now have to deposit 1.3 billion reais ($252 million) in an escrow account to return royalties paid by farmers going back to 2018.

Bayer company logo (Source: Business Standard News)

One of the concerns highlighted by many ordinary Brazilians is that fines are rarely imposed on foreign multinational firms that violate their country’s national labor code. Corrupt government authorities typically ignore the unethical practices of Western corporations. Many Brazilians are thus encouraged by the current decision. Once they see their government taking action against fraudulent Western businesses, they will undoubtedly build rapport and creditability.

Read More: Lula sets the trajectory for Brazil’s blazing growth

Previously, it was common to observe how vulnerable most developing governments were to MNC influence. Most multinational corporations (MNCs) conducting business in South America frequently participated in hostile acts in host countries that violated the rules and regulations that regulate their operations. The burning of the Amazon and the darkening of the skies from Sao Paulo, Brazil, to Santa Cruz, Bolivia, have captured global attention. However, recent examples of countries such as Brazil regulating business activities would not only prohibit the servitude of its people by these firms but would also play a crucial role in preserving the developing world’s vital sovereignty.

Tags: AmazonBayerBoliviaBrazilGermanyGMO soyabeanIntacta RR2Santa CruzSao PauloSoybean farmers
ShareTweetSend
Previous Post

Amlo’s ‘Mexico First’ approach is a game changer for the international EV industry

Next Post

The ‘Freedom Convoy Report’ is a black mark on the Canadian spirit

Also Read

A Biden Masterstroke: Zelensky to be an American Citizen!

A Biden Masterstroke: Zelensky to be an American Citizen!

December 9, 2023
hunter biden

Fashion, Females, and Felonies: The Hunter Biden Chronicles

December 8, 2023
Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

November 30, 2023
Milei’s Economic Reverb: Rethinking Argentina’s Future

Milei’s Economic Reverb: Rethinking Argentina’s Future

November 27, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
The War is Over and Russian Troops are already Grabbing Everything they Can!

The War is Over and Russian Troops are already Grabbing Everything they Can!

December 8, 2023
Pig Farm Scandal, Trudeau and extremely gory details: Do you have the stomach for it?

Pig Farm Scandal, Trudeau and extremely gory details: Do you have the stomach for it?

June 29, 2023
Finland is the new Crimea. And Soon!

Finland is the new Crimea. And Soon!

December 4, 2023
Zelensky has two shining Yachts. Biden you Lovely Rich Rascal!

Zelensky has two shining Yachts. Biden you Lovely Rich Rascal!

November 28, 2023
Germany goes ABSENT from EU meeting to get out of the Ukraine Mess

Germany goes ABSENT from EU meeting to get out of the Ukraine Mess

December 6, 2023
A Biden Masterstroke: Zelensky to be an American Citizen!

A Biden Masterstroke: Zelensky to be an American Citizen!

December 9, 2023
The War is Over and Russian Troops are already Grabbing Everything they Can!

The War is Over and Russian Troops are already Grabbing Everything they Can!

December 8, 2023
CSIS’s Rising Wave of Authorized Spy Crimes!

CSIS’s Rising Wave of Authorized Spy Crimes!

December 8, 2023
Danielle Smith Defies Trudeau Yet Again!

Danielle Smith Defies Trudeau Yet Again!

December 8, 2023
hunter biden

Fashion, Females, and Felonies: The Hunter Biden Chronicles

December 8, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.