Beak Capitalism, Part 3: Un-Clucking the System

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 17 November 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the final episode of our special three-part series exploring the US economy through the chicken industry, we’re taking a look at market competition. Chicken in the US is dominated by a handful of huge poultry processors. But new technologies, like algorithmic pricing, are also leading to accusations of anticompetitive corporate behavior that can potentially create bad outcomes for both consumers and workers. We’re using poultry to trace the evolution of America’s approach to antitrust and learning what’s different now. You’ll hear from senior officials at the Department of Justice about how concentration in chicken and elsewhere is impacting the economy, and what can be done to fix it.

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1:14.5	Joe, why did the chicken join the Revolutionary War?
1:16.1	I have no idea.
1:18.7	Because it didn't want to be cooped up under British rule.
1:23.1	Okay, but setting aside the terrible puns, wasn't it really about taxes?
	...

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