Common Leverage Points to Address the Health, Environmental Sustainability, and Justice Challenges of Financialised Food Systems

Issues with current food systems have been problematised through various lenses, including concerns about the dominance of intensively produced animal-source foods (ASFs) or ultra-processed foods (UPFs) in diets on health, environmental sustainability and/or justice grounds. In this commentary, we argue that there is value in adopting a more common framing and approach for these food systems issues based on the understanding that ASFs and UPFs are interlinked manifestations of financialised food systems prioritising the interests of a select few large corporations and their shareholders. Firstly, we outline some of the common drivers of the proliferation of UPFs and ASFs in current food systems, including a regulatory environment that prioritises the interests of large corporations and financiers above other considerations. Based on ecological regulation theory, we then propose multi-sectoral policy options and collective actions to improve both human and planetary health. These include (but are not limited to): re-orienting agricultural subsidies toward more agroecological operations; prioritising equity-focused measures, such as a universal basic income; land use value taxes; and revitalising competition policy to address agri-food industry consolidation. Implementing the proposed actions will likely require strong coordination and advocacy from various civil society groups. We suggest that a framing centred on financialised food systems may create space for allies to mobilise and effectively draw on collective resources, including public health, food sovereignty alliances, labour unions, farmers, small-scale agri-food businesses and retailers, consumer groups, animal welfare groups, governments without vested interests, and intergovernmental organisations.