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Crony Capitalism in America by Hunter Lewis
Crony Capitalism in America by Hunter Lewis







Taylor moved to the US Department of Agriculture (USDA) in the mid-1990s. But since it came out of the FDA, milk producers would place themselves at legal risk by not printing it on their label. A private company making any such unsupported claim could have been charged with fraud. It apparently did not concern Taylor that this new pronouncement by the FDA was unsupported by either Monsanto or FDA studies. So in 1994 he wrote a guidance document from within the FDA requiring that any food label describing the product as bovine-growth-hormone-free must also include these words: “The FDA has determined … no significant difference has been shown between milk derived from and non- supplemented cows.” That seemed to put Monsanto’s product in an unfavorable light. He also did not like some producers advertising their milk as bovine-growth-hormone-free. Bush, and helped secure approval for Monsanto’s genetically engineered bovine (cow) growth hormone, despite it being banned in Canada, Europe, Japan, Australia, and New Zealand. In 1991, he returned to the FDA as Deputy Commissioner for Policy under George H. He worked for the Nixon and Reagan Food and Drug Administration in the 1970s, then became a lawyer representing Monsanto. Michael Taylor is among a number of people with Monsanto ties who have worked in government in recent years.

Crony Capitalism in America by Hunter Lewis

How much better if the employee can actually shape government regulation to promote and sell a specific product! Monsanto seems to have accomplished this - and much more. Many companies hope to send an employee into a government agency to influence regulation. Editor’s Note: The following is adapted from Hunter Lewis’s new book Crony Capitalism in America.









Crony Capitalism in America by Hunter Lewis