Description
Austin Frerick, expert on agricultural and antitrust policy, joins James Poulos to discuss the dark future of food and the current monopolies destroying the American food system. As Americans struggle to afford healthy options, massive multinational corporations like PepsiCo, Kraft Heinz, and Nestle continue to raise prices and lower the quality of food. But what does this mean for the agricultural industry? American ranchers and farmers are struggling to compete. The two discuss the growing "Excel mindset" that businessmen like Martin Shkreli employ to maximize profits. Frerick argues that large corporations are pushing out mom-and-pop shops in every corner of the food industry, including butchers and meatpacking, while simultaneously destroying culture. They discuss the negative impact of the Farm Bill and how Wall Street and Big Agriculture continue to charge more and pay farmers less.
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