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It is in there under the "With the pandemic, now the food supply has been exposed as too consolidated. Even hedge funds are saying it, when hedge funds are worr
by drawkbox 6y ago
It is in there under the "With the pandemic, now the food supply has been exposed as too consolidated. Even hedge funds are saying it, when hedge funds are worried you should be worried as these are the wealth extractors." [1]
Too much consolidation and waste due to super efficiency that is inflexible like code that is too coupled and specialized for a certain cpu over being flexible.
Right now pork is being wasted as slaughterhouses and meat packing has been reduced dramatically in the US since the 90s, larger facilities, less of them. Too efficient that it created a security issue and potential national security attack vector. Everything is not as localized, so there are choke points in our food supply that become massive backlogs.
>In 1977, the four largest meat processing firms constituted just 25% of the market, claims Bond. Today, they control 85% of the slaughter market, as well as some 35% of cattle ranches and around 65% of the entire chicken industry, he said.
> Since 1990, the number of slaughter houses, excluding poultry, has declined by 46%, from 2,709 establishments to just 1,461 establishments.
[1] https://www.marketwatch.com/story/hedge-fund-blames-us-meat-processing-oligopoly-for-excessive-concentration-reduced-competition-anda-decline-in-resilience-2020-05-08 https://www.marketwatch.com/story/hedge-fund-blames-us-meat-...