commodities and food , bio-fuels , forestry , agricultural sciences and arable land .
Black Rock ’ s global consumer staples exchange funds holds shares in a number of world ’ s largest food companies with agri-food stocks making up around 75 % of the fund . Gaint agri-food firms that make up the fund include Nestle , Coca-Cola , PepsiCo , Walmart , Anheuser-Busch InBev , Mondelez , Danone and Kraft Heinz .
Black Rock has indirectly profited from human rights and environmental abuses through investing in banks notorious for financing harmful palm oil firms .
Black Rock ’ s I shares core S & P 500 index ETF has $ 150 billion in assets under its management . Black Rock holds significant shares in most of the top publicity traded food and agriculture firms which are part of the S & P 500 index .
Black Rock ’ s COW global agriculture ETF has $ 231 million in assets and focuses on firms that provide inputs like seeds , chemicals and fertilizers and farms equipment and agricultural trading companies .
Collectively the asset management giants-Black Rock , Vanguard , State Street , Fidelity and Capital group – own significant proportions of the firms that dominate at various points along with agri-food supply chains .
Black Rock heavily invested in the success of prevailing globalised system of food and agriculture .
Black Rock sees the healthcare sector as a long-term bet . Poor health is a good business to it . Increased consumption of Ultra-Processed Foods ( UPFs ) was associated with more than 10 % of premature , preventable deaths in Brazil according to the American journal of preventive medicine .
This finding is significant not only for Brazil but more so for high income countries such as US , Canada , UK , Australia where UPFs accounts for more than half of total calorific intake .
Due to corporate influence over trade deals governments and the WTO , transnational food retail and
June - 2023 food processing companies continue to colonise markets around the world and push UPFs . In Mexico global agrifood companies have taken over food distribution channels , replacing local foods with cheap processed items . In Europe more than half the population of the European Union is overweight or obese , with the poor especially reliant on high-calorie poor nutrient quality food items . That is why Black Rock intends to invest heavily in health care sector and big pharma and profit by it .
By investing heavily in agri-food sector alone Black Rock earned super-profits , at the same time being responsible for the displacement of indigenous systems of agricultural production , impoverishment of many farmers worldwide , destruction of rural communities and culture , poor quality food and illness , less diverse diets , ecological destruction and the proletarianization of independent producers .
Black Rock and its counterpart Vanguard exert control over governments and important institutions like the European Central Bank ( ECB ) and the US Federal Reserve .
Larry Fink of Black Rock sits on the board of World Economic Forum and the powerful and highly influential council for foreign relation – often referred to as the shadow government of the US .
Since 1998 Black Rock has put itself in a position to defects control the Federal Reserve , most Wall-Street Mega-banks including Goldman Sachs , the Davos World Economic Forum Great Reset and now the Joe Biden administration . The former top people at Black Rock are now in key government positions running economic policy of Biden administration .
That is why Black Rock is steering the ‘ Great Reset ’ and the global ‘ green ’ agenda , singing the praises of the future food and ‘ coded ’ seeds that would produce their own fertilizer with inflated false promises , with the need to keep expanding into or creating new markets to ensure accumulation of capital to offset the tendency for the general rate of profit to fall , and to be able to accumulate capital to be able to reinvest it and make further profits . Bill Gates and Bill and Melinda Gates Foundation :
One of the world ’ s richest men who has been reputed to be a man of great charity too has commented on the global state of agriculture and food security in a recent “ The New York Times ” op-ed and also in an article of Associated Press . Though while admitting that the world currently produces enough food to adequately feed all the earth ’ s inhabitants , yet he continued to fundamentally misdiagnose the problem as relating to low productivity . Today there is no necessity to increase the production . But there is the immanent necessity of the assurance of more equitable access to food to one and all inhabitants of the world .
Bill and Melinda Foundation created by Bill Gates is not a charitable foundation . In the name of Alliance for Green Revolution in Africa ( AGRA ) it has been funding and creating institutions that have disproportionately focused on maize and rice rather than locally-adopted and nutritions carrels like sorghum . The AGRA initiative has also pushed restrictive seed legislation that limits and restricts crop innovation to well resourced labs and companies . It contributed to the privatisation and consolidation of monopolies over seed development and markets . In reality Bill Gates Foundation is part of creating the very problem of hunger .
But Bill Gates prescribes four remedies for increased food ( crop ) production for the so-called protection of global food security . They are : 1 ) the supposed need for ‘ credit for fertilizer ’, cheap fertilizer to ensure agricultural productivity . 2 ) The idea of green revolution of mid-20 th century needs to be replicated now to address hunger 3 ) the idea of ‘ better ’ seeds , often produced by large corporations 4 ) developing meaningful ( fundable ) solutions .
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