(12-15-2021, 08:52 PM)StroudCrowd1 Wrote:

(12-15-2021, 08:33 PM)mikesez Wrote: It's possible that the meat conglomerates are colluding to raise prices, engaging in anti-competitive business practices, but when that's the case, we find evidence, and issue indictments. Where is her evidence?

Every part of the logistical supply chain to get meat from the animal to the store shelves has gone up. Fuel, raw materials, trucker wages, etc. We call this inflation.

That is likely true, but the sure sign of collusion is when (1) prices go up, (2) market shares all stay the same or nearly the same, and (3) profit margins are up.
(1) happened. If it's just input costs going up, those usually don't all go up at the same time for all players, so you should see variations in market share and some players reduce profit margin as the prices go up. If you don't see that, it's probably collusion, aka greed.
Again, very simple for the FTC to report on these things, it's not the agriculture department's job.  If the only government employees looking into it are Jen Psaki and Tom vilsack, then the Biden administration are incompetent charlatans. Time will tell if they actually get the right people on the job or not.

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