Just four companies in the U.S. control:
85% of beef processing
80% of corn seed distribution
77% of fertilizer production
69% of grocery sales
Wondering why food prices are so high?
Minimal competition means maximized price-gouging.
85% of beef processing
80% of corn seed distribution
77% of fertilizer production
69% of grocery sales
Wondering why food prices are so high?
Minimal competition means maximized price-gouging.
Comments
far too much.
It is high time to wake up the anti trust law.
It DID work in the past.
https://www.frugl.com.au/2020/01/19/the-sooner-you-know-that-only-10-companies-control-everything-you-buy-the-better/
Monopolies contribute to market failure because they limit efficiency, innovation, and healthy competition. In an efficient market, prices are controlled by all players in the market because supply and demand swing more toward equilibrium.
Consumer choices also influence market dynamics, as individuals can opt for more "sustainable" or "ethical" options.
I thought not. Peasant.