The main problem with GMOs at this time is that their use are uncontrolled experiments and the genie might not be able to be put back into the bottle in the event of extremely adverse sequelae.Warning: Hating Monsanto Impedes Global Economic Growth
Monsanto (NYSE: MON ) attracts quite a bit of criticism for its transgenic crops and seeds, more commonly referred to as Genetically Modified Organisms, or GMOs. The agricultural pioneer has introduced several engineered products aimed at reducing the amount of pesticides, herbicides, and time required during the planting season. In fact, corn and cotton crops that contain genes to produce toxins created from a naturally occurring soil bacterium, Bacillus thuringiensis, have saved farmers $57 billion in pesticide costs from 1996 to 2011.
Yet despite mountains of scientific and economic evidence pointing to the benefits of transgenic crops, many people in the United States and Europe are vehemently opposed to their use and consumption. Public pressure has even led to the creation of state and national mandates, whether they are pending or already passed as law. That is a luxury when you're surrounded by food 24/7. Sadly, this popular and misguided view of agricultural biotechnology compromises the assimilation of genetically modified foods in African countries. It influences international trade and humanitarian aid, thereby stunting economic growth for the world's poorest people. More worrisome: it costs lives.
One GMO veggie produced cyanide, poisoning those who ate it.
Another problem specific to bt toxin-producing GMOs is that pests will simply become resistant to bt toxin and then we will be worse off. However, by that time Monsanto execs in power today will be retired and very wealty and will be throwing the finger at the ignorant fools who fell for their bs.