17 October 2021

Headline of the Day

Economists to Cattle Ranchers: Stop Being So Emotional About the Monopolies Devouring Your Family Businesses
BIG by Matt Stoller

It's a very evocative way to show people why the cost of meat at the supermarket has jumped even while the price received by cattle ranchers has fallen.

4 companies control over 80% of the market, they are manipulating prices, capacity has been falling, and both farmers and consumers are getting completely screwed.

For you average amoral economist (but I repeat myself), the response is, "What's not to love?"

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