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Capitalisn't

The Money Behind Ultra-Processed Foods, with Marion Nestle

Capitalisn't

University of Chicago Podcast Network

Stigler Center, Chicago Booth, Socialism, Antitrust, University Of Chicago Podcast Network, Growth, 087667, Policy, Monopoly, Professors, Distortion, Research, Competition, Capitalisnt, Inequality, Promarket, Politics, Policymaking, Special Interest, Economics, Efficiency, Regulations, Chicago, Business, Markets, University Of Chicago, Kate Waldock, Capitalism, Friction, Bethany Mclean, Government, Macroeconomics, News, Education, Waldock, Georgetown, Microeconomics, Luigi Zingales, Zingales, Finance, Ucpn

4.5584 Ratings

🗓️ 23 May 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

Critics of the food industry allege that it relentlessly pursues profits at the expense of public health. They claim that food companies "ultra-process" products with salt, sugar, fats, and artificial additives, employ advanced marketing tactics to manipulate and hook consumers, and are ultimately responsible for a global epidemic of health ailments. Companies are also launching entirely new lines and categories of food products catering to diabetes or weight management drugs such as Ozempic. Marion Nestle, a leading public health advocate, nutritionist, award-winning author, and Professor Emerita at New York University, first warned in her 2002 book "Food Politics" that Big Food deliberately designs unhealthy, addictive products to drive sales, often backed by industry-funded research that misleads consumers. This week on Capitalisn't, Nestle joins Bethany and Luigi to explore the ultra-processed food industry through the interplay of four lenses: the underlying science, business motives, influencing consumer perceptions, and public policy.

Transcript

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0:00.0

An executive of very large food company said, we would love to stop marketing to children,

0:07.3

but our stockholders won't let us.

0:11.8

I'm Bethany McLean.

0:13.5

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

0:18.7

And I'm Luigi Zengalis.

0:19.9

We have socialism for the very rich, rugged individualism for the poor.

0:25.6

And this is Capital Isn't, a podcast about what is working in capitalism.

0:29.6

First of all, tell me, is there some society you know that doesn't run on greed?

0:34.0

And most importantly, what isn't?

0:36.0

We ought to do better by the people to get left behind.

0:38.9

I don't think we shouldn't kill the capital system in the process. So, food, it's one of the great

0:44.6

pleasures of life. Or as Virginia Woolf famously said, one cannot think well, love well, sleep well,

0:51.1

if one has not dined well. Or there's Julia Child. People who love to eat are

0:56.5

always the best people. True, in my experience. Luigi, you're Italian. You should have an opinion on

1:02.0

this. Of course, I agree with you. And I think the best friends are made over a meal. But, of course,

1:08.0

food is also a business and a big business.

1:16.8

Packaged food and drink is just in the United States estimated to be $1.5 trillion in sales.

1:24.9

Worldwide, according to Statista, it's projected to grow to almost $13 trillion by 2028.

1:30.4

And it's becoming an increasingly controversial business. Food is this day's engineer to make us more. Food is becoming as addicted as cigarette by design, not by our choice.

1:39.2

If the huge, pun intended, increasing obesity is one of the biggest problems facing us. Who is the possibility

1:45.5

is it to change things? Should big food behave more responsibly? Or should the government step in?

1:52.8

Or are we 100% responsible for what we eat? And so if we want to eat also processed food,

...

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