Embed Notice

"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