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   JuneSim63 (junesim63@mstdn.social)'s status on Tuesday, 23-Jul-2024 20:19:11 JST JuneSim63

   in reply to

   "According to research by the economists Jan Eeckhout and Jan de Loecker, average global markups– the prices companies charge for goods above the cost of producing them– have risen from around 21% above costs in 1980, to 61% today. So a pizza that may have cost you £12 if markets had been as un-concentrated as they were 45 years ago, may now cost £16. Think of the £4 difference as a private monopoly tax that nobody voted for."
   Nicholas Shaxson
   #FoodGiants #Farming #Agriculture #Food #UKPolitics

   • Embed this notice
     JuneSim63 (junesim63@mstdn.social)'s status on Tuesday, 23-Jul-2024 20:19:12 JST JuneSim63

     "The problem is our monopolised food system. Think of it as a vast profit machine shaped like an hourglass, with many food producers at the top, millions of consumers at the bottom, and a few dominant firms – such as giant supermarkets or global food traders – clustered at its narrowing neck, siphoning a cut from the passing traffic"
     Nicholas Shaxson, co-founder of the Balanced Economy Project

     #FoodGiants #Farming #Agriculture #Food #RentierCapitalism #UKPolitics

     https://www.theguardian.com/commentisfree/article/2024/jul/22/big-supermarkets-strangling-farmers-shoppers-solution-break-them-up?CMP=GTUK_email

     Aral Balkan and Kit Rhett Aultman repeated this.