cover of episode Beak Capitalism, Part 3: Un-Clucking the System

Beak Capitalism, Part 3: Un-Clucking the System

2024/11/17
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Odd Lots

Chapters

The U.S. has a history of suspicion towards large corporations, especially in agriculture. The Department of Justice's antitrust division aims to ensure economic liberty by enforcing federal antitrust laws, which have evolved over time.
  • Americans were initially suspicious of large corporations due to their state-granted charters.
  • The Department of Justice's antitrust division enforces laws like the Sherman Act and Clayton Act.
  • The relationship between agriculture and antitrust dates back to the founding of the U.S.

Shownotes Transcript

In the final episode of our special three-part series exploring the US economy through the chicken industry, we’re taking a look at market competition. Chicken in the US is dominated by a handful of huge poultry processors. But new technologies,  like algorithmic pricing, are also leading to accusations of anticompetitive corporate behavior that can potentially create bad outcomes for both consumers and workers. We’re using poultry to trace the evolution of America’s approach to antitrust and learning what’s different now. You’ll hear from senior officials at the Department of Justice about how concentration in chicken and elsewhere is impacting the economy, and what can be done to fix it. 

 

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