Wednesday, October 27, 2021

Meaty problems

The meat industry is highly concentrated: could that be why the price of meat is rising so much faster than other food prices? It's certainly part of the picture, though probably not all of it. The ability to abuse market power is well known in economics, and the consequences are stated here by a rancher: "[the] vertical-integration model is abusive — to the animals, to the workers, to the consumers."