William Lindsey :toad: on Nostr: "At the end of 2023, Americans were paying at least 30 percent more for beef, pork, ...
"At the end of 2023, Americans were paying at least 30 percent more for beef, pork, and poultry products than they were in 2020.
Why? Near-monopoly power. Just four companies now control processing of 80 percent of beef, nearly 70 percent of pork, and almost 60 percent of poultry. So of course it’s easy for them to coordinate price increases."
~ Robert Reich
#CorporateProfits #CorporateGreed #inflation
https://robertreich.substack.com/p/record-corporate-profits-coming-from
Why? Near-monopoly power. Just four companies now control processing of 80 percent of beef, nearly 70 percent of pork, and almost 60 percent of poultry. So of course it’s easy for them to coordinate price increases."
~ Robert Reich
#CorporateProfits #CorporateGreed #inflation
https://robertreich.substack.com/p/record-corporate-profits-coming-from