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The actual problem here, as it is with some many parts of our economy, is consolidation and monopoly. One company, Abbott, controls about half the country’s su
by CPLX 4y ago
The actual problem here, as it is with some many parts of our economy, is consolidation and monopoly.
One company, Abbott, controls about half the country’s supply, and has a stranglehold on distribution:
https://mattstoller.substack.com/p/big-bottle-the-baby-formula-nightmare https://mattstoller.substack.com/p/big-bottle-the-baby-formu...
- pythonic_hell 4y agoI wish more people would wake up to the impact that monopolies have on their economic and wellbeing security.
- BurningFrog 4y agoLegalizing imports would break, or at least put strong pressure on, such a monopoly.
- CPLX 4y agoMaybe. Or maybe we’d then be subject to a bigger more international monopoly. These two issues are loosely related at best.
- BurningFrog 4y agoSo you're claiming there is an international monopoly controlling the world formula market? And they would crush or assimilate Abbot when the borders opened?