Monday, November 14, 2022

Inflation, Inflation, Inflation . . . Lack of Competition is to Blame

    Inflation? Listen to The Guardian and you'll know why.

    Lack of competition.

   "Why are grocery prices through the roof?" asks The Guardian. "Because just four companies control 85% of meat and poultry processing. Just one corporation sets the price for most of the nation's seed corn. And two giant firms dominate consumer staples."

    Just five notable pharmaceuticals. "Big Pharma"? There's a reason they call it that. The airline industry has gone from a dozen notable companies to just four today. There are only five giant banks. Three giant cable companies dominate the broadband industry.

   If you are looking for a solution to inflation, the answer will likely be found in bringing more competition to the markets. 


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