Has anyone bought a pound of ground beef lately?
If you have then you have noticed just how expensive even something as mundane as hamburger has become…..in my area that a pound of that cheap cut of meat is about $5 and it goes p from there.
There are plenty of cows for the industry then why is it so damn expensive?
Of course there are many reasons for the increases from food shortages for th animals to unjust pricing in the distribution….below is just none of the things that the government should be looking into….
A former grocery executive told a progressive media outlet in a video released Tuesday that “people fucking need to go to jail” over a long-running scheme in which dominant U.S. meat industry players have used information provided by a little-known data analytics company to increase prices and pad their bottom lines.
“This is probably one of the top five food scandals of the 21st Century, and we can’t underplay it,” said Errol Schweizer, the former vice president of Whole Foods’ grocery division. “People need to go to jail for this shit.”
Schweizer’s comments come at the start of a nine-minute video produced by More Perfect Union, which tells the story of how Indiana-based Agri Stats, the seemingly bland data firm, “built a network used by the nation’s largest meat companies,” including Tyson Foods, Hormel, and Cargill.
“Inside that network, America’s meat barons share secret data,” says More Perfect Union‘s Eric Gardner, the video’s narrator. “It’s alleged that Agri Stats organizes and then launders that information across the industry. Companies weaponize it, restricting output, manipulating the market, ultimately raising your prices.”
Watch the full video:
https://www.commondreams.org/news/meat-industry-price-gouging
The government, well the Senate, has proposed the Price Gouging Act of 2024…..
In response to the pervasive issue of skyrocketing prices on essential products, a group of US Senators, including Pennsylvania’s John Fetterman and Bob Casey, have taken a bold step by introducing the Price Gouging Act of 2024. This legislation, spearheaded by Senator Elizabeth Warren of Massachusetts, aims to curb the practice of charging customers grossly excessive prices, particularly during periods of exceptional market shock.
The proposed bill demands transparency from public companies, requiring them to disclose any changes in pricing and provide a clear rationale for such changes in their Securities and Exchange Commission (SEC) filings. Senator Fetterman emphasized the necessity of halting the exploitation of consumers, stating, “For too long, corporations have gotten away with jacking up prices to line their shareholders’ pockets with the hard-earned dollars of working Americans. This bill will put an end to that.”
One of the key focuses of the legislation is addressing the exploitation of crises, such as the ongoing pandemic, by certain corporations to bolster their profits unfairly. Moreover, provisions within the bill seek to safeguard small and local businesses that may be compelled to adjust prices in good faith.
US Senators Introduce Price Gouging Act of 2024 to Tackle Excessive Pricing
This is a valiant effort but I fear it has an uphill battle for success if that….At least they are trying to do something to help with these rising prices….but will it help?
Thoughts?
Let the weekend begin!
I Read, I Write, You Know
“lego ergo scribo”