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Items tagged with: FoodGiants

"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


Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might think, says Nicholas Shaxson, co-founder of the Balanced Economy Project
Nicholas Shaxson (The Guardian)
#farming #food #ukpolitics #agriculture #foodgiants #rentiercapitalism

"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
#farming #food #ukpolitics #agriculture #foodgiants

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