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> the price of broiler chickens jumped by 50 percent between 2008 to 2016, despite the fact that cost of feeding the chickens went down during this period. If
by kartan 7y ago
> the price of broiler chickens jumped by 50 percent between 2008 to 2016, despite the fact that cost of feeding the chickens went down during this period.
If costs to down and price go up and there is no increase in demand there is a problem.
> Three of these companies — Sanderson, Tyson, and Pilgrim’s Pride — control nearly half the American chicken market
This sums up XXI century capitalism. Olygopolies control everything leaving consumers or even business with just a couple of options. It's easier to fix prices that way as it's easier to increase profit thru cooperation that to risk a competition war.
- TaylorAlexander 7y agoWe need an economy of worker owned cooperatives. It won’t solve every problem but it would solve some problems. A few executives are more likely to screw over the public than a large collection of workers.