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Biden Launches Plan to Fight Meatpacker Giants on Inflation

  • White House blames meat companies for rising food prices
  • Plan includes $1 billion to aid independent meat processors
Bloomberg business news
Beef, Bacon, Car Prices Surging Due to Inflation
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President Joe Biden promised to “fight for fairer prices” for farmers and consumers Monday as he announced plans to combat the market power of the giant conglomerates that dominate meat and poultry processing.

“Capitalism without competition isn’t capitalism, it’s exploitation,” Biden said. “That’s what we’re seeing in meat and poultry.”