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   Kim Perales (kimperales@toad.social)'s status on Saturday, 09-Dec-2023 00:10:37 JST Kim Perales

   #Greedflation:

   These food companies: Archer-Daniels-Midland & Bunge +prv. owned Cargill & Dreyfus control ~70%–90% of the world grain mkt.

   “They caused significant harm to the economy as a whole🚨-Global GDP could be 8% higher than it is now had market power not risen. Labor income: likely significantly lower, & econ. dynamism: weaker -with poorer choice, worse product quality & fewer economic opps. than in a counterfactual world where big corps. were less dominant."

   https://www.theguardian.com/business/2023/dec/07/greedflation-corporate-profiteering-boosted-global-prices-study