The News Craving
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AFP
AFP
Washington (AFP) – President Joe Biden offered independent US farmers $1 billion in aid Monday as part of a battle against meatpacking giants he accuses of building monopolies to squeeze out smaller competitors. “We’re here to talk about strengthening competition, which will bring down costs,” Biden told a virtual meeting of independent farmers and meat producers. Calling the meat industry a “textbook example” of too much market power in the hands of a few, Biden said that “four big corporations control more than half the markets in beef, pork and poultry.” “Capitalism without competition isn’…
