July, 02 2012, 10:01am EDT

Ocean-Farmed Fish, Brought to You by Monsanto and Cargill
Soy Industry Stands to Gain Hundreds of Millions Annually from Open Ocean Aquaculture
WASHINGTON and BRUSSELS
If proponents of soy in aquaculture alliance have it their way, soy will be used to feed fish in open ocean pens in federal waters, a move that would negatively impact the marine environment as well as the diets of both fish and consumers.
Food & Water Watch and Food & Water Europe's new report, "Factory-Fed Fish: How the Soy Industry is Expanding Into the Sea," shows how a collaboration between two of the most environmentally damaging industries on land and sea --the soy and open ocean aquaculture industries, respectively--could be devastating to ocean life and consumer health. And since much of the soy produced in the United States is genetically engineered (GE), consuming farmed fish would likely mean eating fish that are fed GE soy.
"Our seas are not Roundup ready," said Wenonah Hauter, Executive Director of Food & Water Watch. "Soy is being promoted as a better alternative to feed made from wild fish, but this model will not help the environment, and it will transfer massive industrial farming models into our oceans and further exacerbate the havoc wreaked by the soy industry on land--including massive amounts of dangerous herbicide use and massive deforestation."
The powerful soy industry, which is well represented in Washington, D.C. and Brussels, stands to gain over $200 million (EUR160 million) each year by aggressively promoting the use of soy to feed farmed fish at a time when more and more consumers are eating seafood sourced from aquaculture or fish farms. Close to half of the seafood we consume globally comes from these factory fish farms.
Unfortunately, increased use of soy in fish feed could do greater harm to the health of fisheries by increasing the amount of soybeans grown. Like other monoculture crops, soybeans require large amounts of fertilizer for their production. Much of this fertilizer gets washed off the fields and into waterways that eventually lead to important fisheries such as the Gulf of Mexico or the Chesapeake Bay. The nitrogen and phosphorus from this fertilizer contributes to the dead zones in these fisheries, reducing the number of fish that live there and the ability of fishermen to catch them.
Relying on soy to feed farmed fish could also have devastating affects on consumer choice. In 2007, there were total of 279,110 soybean farms. A 2008 report indicated that only 1,336 soybean farms were certified organic, which do not allow the use of GE crops. This leaves a lot of room for non-organic soybean farms to produce crops from GE seeds. GE soy-fed fish would probably not need to be labeled, so consumers wouldn't know that they were eating fish fed with GE soy. Considering that Monsanto and Cargill would be big players--two agribusinesses that use GE seeds--this scenario seems likely.
While the soy industry is busy promoting soy as an environmentally friendly alternative to fish feed from wild fish, it is clear that soy is not a natural food for fish to eat, and that its use can be destructive to ocean ecosystems. Fish have a difficult time digesting it, and it causes nutrient deficiency. As a result, fish tend to produce excessive amounts of waste, which attracts disease and bacteria, and disrupts the normal ecology of the immediate marine environment.
To access the report, go to: https://www.foodandwaterwatch.org/reports/factory-fed-fish/
For any questions regarding the report, please contact Rich Bindell at 202-683-2457 or RBindell@fwwatch.org.
Food & Water Watch mobilizes regular people to build political power to move bold and uncompromised solutions to the most pressing food, water, and climate problems of our time. We work to protect people's health, communities, and democracy from the growing destructive power of the most powerful economic interests.
(202) 683-2500LATEST NEWS
Alan Greenspan, Longtime Fed Chair and Ayn Rand Disciple, Meets Ultimate ‘Invisible Hand’
"For decades, he preached that the self-interest of the predator was the invisible hand of the common good," Yanis Varoufakis said after the man who led the US central bank under four presidents died aged 100.
Jun 22, 2026
Alan Greenspan, whose policies during nearly 20 years as US Federal Reserve chair fueled soaring economic inequality and helped create the conditions for multiple economic crashes, died Monday at age 100 after a long battle with Parkinson's disease.
While many corporate media outlets published hagiographic obituaries lionizing the "Maestro" who presided over nearly two decades of low inflation, rising stock prices, and American economic confidence, critics focused on Greenspan's role in promoting dangerous deregulation and "easy money" policies that inflated financial bubbles, with sometimes disastrous results.
Robert Reich—who served as US labor secretary under President Bill Clinton during all of Greenspan's tenure—called him "in many ways the most powerful person in America" during that era.
"If any single person was responsible for the financial crisis of 2008, it was Greenspan."
"He maintained an iron grip over the Fed, and almost single-handedly decided on interest rates," Reich wrote. "He essentially fired George H. W. Bush by raising interest rates so high (ostensibly to ward off the inflation then threatening the economy) that the economy took a dive, and voters blamed Bush. This was enough to convince my boss, Bill Clinton, to do exactly what Greenspan wanted—which was to reduce the federal budget deficit and thereby destroy much of the agenda Clinton ran on (and I helped create)."
"I don’t want to speak ill of anyone who has passed. Greenspan was an extremely charming, intelligent, and thoughtful man," Reich added. "But the truth must be told: If any single person was responsible for the financial crisis of 2008, it was Greenspan. That crisis—the worst collapse since 1929, which led to the worst recession in decades, in which millions of Americans lost their jobs, savings, and even their homes—resulted from the deregulation of Wall Street that Greenspan advocated."
Former Greek Finance Minister Yanis Varoufakis wrote on X: "His epitaph? A singular, glorious confession, 'I found a flaw in my model of the world.' A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.
"Then, in 2008, the beast devoured the table, and to his credit, he blinked, admitting that his entire worldview—the one that central bankers canonized and the world swallowed—was a fairy tale for rentiers," Varoufakis added. "He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind, and returned to his well-earned silence."
Born 10 miles from Wall Street in Manhattan's Washington Heights during one of the most infamous economic bubbles of all time, Greenspan was a protégé of libertarian writer and philosopher Ayn Rand and was influenced by the Atlas Shrugged author's moral defense of capitalism, her fierce advocacy of deregulation, and her insidious insistence that self-interest was socially beneficial.
Their relationship cooled as Greenspan embraced more mainstream economic policies despised by Rand and gradually became a leading steward of the very sort of state-shepherded system she deeply distrusted.
After heading President Gerald Ford's Council of Economic Advisers, Greenspan was appointed chair of the Fed by President Ronald Reagan in 1987. He would remain in the post well into George W. Bush's second term.
Greenspan generally favored low interest rates, especially after crises like the 1987 stock market crash, the 1998 Long-Term Capital Management crisis, and the 2001 recession. His fame grew after he suggested that the economy might be experiencing a tech-driven “productivity miracle," language that many investors took as validation that traditional valuation limits were obsolete.
Critics would later call it a "productivity mirage."
Staunch devotion to low interest rates by Greenspan's Fed boosted stock prices and real estate values under "easy money" policies. Many investors came to believe that the Fed would intervene aggressively whenever markets fell sharply—the so-called "Greenspan Put."
However, since ownership of financial assets (and the firms that sell and promote them) is concentrated among the wealthy, it was the rich who benefited most from Greenspan's polices. When bubbles burst, as they did after the dot-com boom that ended in early 2000 and during the 2008 global financial crisis, the rich bounced back thanks to their diversified portfolios and bailouts, while middle- and lower-income households were wiped out through asset devaluation, foreclosures, and job losses.
"It is no exaggeration to say the global financial crisis of 2008 had an enormous and lasting impact on American life and the way ordinary people view elites," New York Times global economic correspondent Peter S. Goodman said on social media. "It is also no exaggeration to say that Alan Greenspan has as much responsibility for the crisis as an individual can."
"For those not old enough to remember, it is difficult to state his aura during his time of greatest influence," Goodman continued. "When he told Americans that they should buy houses and use variable-rate mortgages to do it, they listened. Much is made of his econ jargon-laden vernacular that went over the heads of nearly all listeners."
"That was central to the mystique," he added. "When he went to the Hill and spoke to Congress, most people had no idea what he was talking about but assumed that smarter kids did. And so his quasi-religious faith in the efficiency of markets as the ultimate insurance against risk went unchallenged and became dogma, and the risks kept building."
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Jun 22, 2026
The recently crowned world's first trillionaire Elon Musk threatened Rep. Ro Khanna with legal action on Monday after the California Democrat pointed out the life-ending potential of foreign aid cuts made by the Department of Government Efficiency.
During an appearance on the "I've Had It" podcast on Saturday, Khanna (D-Calif.) said that there must be consequences for Musk, who in February 2025 used DOGE to curtail programs and cut funding for the United States Agency for International Development (USAID).
"There needs to be accountability for Elon Musk," Khanna emphasized. "You know, they’re celebrating that he created 4,400 millionaires, but they don’t talk about the 4.5 million children around the world who he possibly sentenced to death by dismantling USAID.”
A peer-reviewed study published by The Lancet in July 2025 estimated that proposed cuts to USAID could lead to as many as 14 million preventable deaths by 2030 worldwide, including the deaths of 4.5 million children under the ages of five years old.
Musk, who earlier this month became the world's first trillionaire, wrote in response to Khanna's interview that it was "time to sue this liar."
It's not clear how Khanna's statement could be defamatory given that it was based on research published by a prestigious medical journal.
Musk, in a separate reaction to Khanna's remarks about USAID, later added that the US lawmaker "should be in prison."
On Monday afternoon, Khanna posted a video in which he challenged Musk to debate him on the impact the DOGE cuts have had on people throughout the Global South who had previously benefited from USAID.
"The world's richest person has spent all day... going after me," Khanna said. "Why? Because I cited an academic study that his DOGE cuts may lead to the deaths of millions of children overseas. You know, Elon, I thought you were a free speech guy. Why not debate me on these issues instead of threatening lawfare?"
"You're not going to be able to intimidate me," Khanna added.
.@elonmusk let's debate. You game?
I am for free speech, not lawfare. pic.twitter.com/gThLggxiOW
— Ro Khanna (@RoKhanna) June 22, 2026
Mehdi Hasan, editor-in-chief of Zeteo News, said that Khanna’s willingness to directly take on Musk exhibited qualities that Democrats could use more of in leadership positions.
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"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," noted one human rights defender.
Jun 22, 2026
Two people were killed, and six others survived, a strike on Sunday that the US military claimed—without providing evidence—targeted a boat full of "narco-terrorists," but that human rights defenders called another summary execution worthy of prosecution.
"On June 21, at the direction of the commander of US Southern Command, Gen. Francis L. Donovan, Joint Task Force Southern Spear conducted a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations," USSOUTHCOM said in a statement. "Intelligence confirmed the vessel was transiting along known narco-trafficking routes in the Caribbean and was engaged in narco-trafficking operations."
"Two male narco-terrorists were killed during this action, and there were six male survivors," the statement added. "Following the engagement, USSOUTHCOM immediately notified US Coast Guard to activate the Search and Rescue system for the survivors."
More lawless killing in the Trump administration’s boat bombing campaign.Real killing in a phony armed conflict with “narco-terrorists.”This strike reportedly left 6 survivors.US record for rescuing survivors alive is…not great.
[image or embed]
— Brian Finucane (@bcfinucane.bsky.social) June 21, 2026 at 11:28 PM
According to The Intercept's Nick Turse, who has tracked all of the reported US boat bombings in the Caribbean Sea and Pacific Ocean, there have now been 66 such strikes, which have killed 215 people and left 12 survivors, based on USSOUTHCOM data.
The fate of previous boat strike survivors is not completely clear. After one April bombing, the US Coast Guard told UPI that search-and-rescue operations were called off after no signs of survivors were found. Last October, President Donald Trump said two strike survivors were repatriated to their home countries of Ecuador and Colombia, where they faced prosecution.
Survivors of some of the strikes have accused US forces of torturing them.
Relatives of people killed in previous US boat bombings, as well as officials in Venezuela and Colombia, have said that numerous victims were fishers who were not involved in the illicit drug trade.
In January, relatives of two Trinidadian fishers killed in the strikes filed a federal wrongful death lawsuit in Massachusetts.
"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," former Human Rights Watch executive director Kenneth Roth said on social media. "There will come a day when he faces prosecution for these crimes."
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