I mostly agree with your positions about supply/demand (I mean, econ101 isn’t exactly *vibes*) but what would you call it if four major corporations essentially control the supply of beef, as reported by AP? Price collusion, even if inadvertent, is bad for consumers, and bad for the farmers as well.
I mostly agree with your positions about supply/demand (I mean, econ101 isn’t exactly *vibes*) but what would you call it if four major corporations essentially control the supply of beef, as reported by AP? Price collusion, even if inadvertent, is bad for consumers, and bad for the farmers as well.
I remember reading The Myth of Capitalism (Jonathan Tepper) and if he was right, *a lot* of major industries that we don’t think too hard about exist in a state of both oligopoly and oligopsony.
In lieu of price controls, would you favor strong anti-trust enforcement and maybe breaking up some of these conglomerates? You know, let the free market actually do its job. (Probably won’t get you elected though).
The federal government created the consolidation with regulatory burdens that you need to spread out over the market to be able to handle. Google "usda private bathroom"
The best first step in fixing things is to stop breaking them.
I mostly agree with your positions about supply/demand (I mean, econ101 isn’t exactly *vibes*) but what would you call it if four major corporations essentially control the supply of beef, as reported by AP? Price collusion, even if inadvertent, is bad for consumers, and bad for the farmers as well.
I remember reading The Myth of Capitalism (Jonathan Tepper) and if he was right, *a lot* of major industries that we don’t think too hard about exist in a state of both oligopoly and oligopsony.
In lieu of price controls, would you favor strong anti-trust enforcement and maybe breaking up some of these conglomerates? You know, let the free market actually do its job. (Probably won’t get you elected though).
The federal government created the consolidation with regulatory burdens that you need to spread out over the market to be able to handle. Google "usda private bathroom"
The best first step in fixing things is to stop breaking them.
4 suppliers of beef is more than enough to induce competition.