Because corporations are monopolizing their markets, they don’t have to worry about competitors.

A few giant corporations can easily coordinate price hikes and enjoy bigger profits.

Just four firms control 85% of beef, 66% of pork, and 54% of poultry production.

Hello?

@rbreich Talk about cooperate America, go figure!
@rbreich
Putin has monopolized Russia into one big corrupt corporation

@Hash @rbreich

Nah. Putin is owned by, or brethren to, a few billionaire oligarchs. Russian? Internationals? Does it truly matter? Nobody gives up power willingly.

In some places the oligarchs are elected or selected. Borders and languages are fungible, and the history behind traditional colors is long forgotten.

@rbreich in their earlier days, stores like Whole Foods and Wild Oats sourced only from local or regional, independent farmers and ranchers. This is why it cost so much more to shop at Whole Foods than it did at Kroger or H‑E‑B or Randall’s, etc.

I don’t know if that’s still how Whole Foods operates, but people had the opportunity to put their money where their mouth was and most chose not to.

@rbreich olygopoly: it's like monopoly, but legal.
@rbreich
One more reason - though not the main one - to phase out #AnimalAgriculture
@rbreich The worst part is the aesthetic.
@rbreich Bring back anti-trust regs! This crap is out of control.

@rbreich I love corporations who decry government intervention in the market, saying let the market do its job, then do everything to distort the markets in their favour.

Capitalism is great, looking forward to when we start using it.

@rbreich This is not just an American issue, but this oligopsony is fast making farming an economically unviable profession for small farmers.
@rbreich It's even more insidious with Amazon. They look a what's selling and then suddenly there is an amazon basics version of it. If amazon is billing their service as a marketplaces then they should not compete in it
NeowinFeed on Twitter

“In an email to Microsoft 365 subscribers, Microsoft is informing customers that the Microsoft Defender app will automatically be installed on their Windows 10 and Windows 11 PCs soon. #MicrosoftDefender #Microsoft https://t.co/yGD82ynn3d”

Twitter
@rbreich Good reason to stop eating meat, there.
@rbreich Buy organic from a cooperative, like PCC in the Seattle area. They try to get locally produced food.
@rbreich I can't remember who said "it is the tendency of all markets to progress toward monopoly" but they were right. The barriers to entry in most markets are too high to allow sufficient disruption to occur.
@rbreich Do you have the source figures links? Does the figures change over time? How?
Any link welcome 😉 I'm preparing a scrolly telling news hackathon. This could be a nice subject to work on.
@rbreich Capitalism just like in the game Monopoly; One guy ends up with everything.
@rbreich just look at eggs. We went from $3/dozen to almost $9 in a few months. Because one company decide to gouge, and they all joined in!
@rbreich When Orwell wrote about Big Brother, everyone thought ‘Government’. Turns out that it’s a few huge corporations!
@rbreich
Point is, how to change this?
I was listening to @bbcworld WS earlier and the issues of migrants in Africa - Tunisia now condemned for hate speech.
We have a whacked world where profit and competition is the exact opposite of what we should be doing. Are you familiar with Kate Raworth and @doughnuteconomics ?
That students are studying this for MA makes me happy but need you and other economists to push this, please. I want to see NL and #Amsterdam Boston?
https://youtu.be/4ttKueHEUig
Foundations of Doughnut Economics - Ubiquity University (Week #1)

YouTube

@rbreich

Rare trip to the supermarket and saw a dozen very fine brown eggs for nine dollars. The suckers were rather large.

We have five hens living in a nice outbuilding at the rear of our residential lot in Anchorage. Used to be eight, but age and the odd cat. It's a dangerous world.

About four to eight eggs a week. Fresh.

Being an urban boy I had no call to know that hens, like primates and most other animalia, make eggs whether a rooster's around to fertilize them.