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Reply to "Food prices are the key fpr the public's future"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People are stupid. Corporations are price-gouging.[/quote] So you think there is some grand conspiracy? If it was gouging, a secondarily player would undercut the competition and make a ton of money. The fact that no one has means that the inputs all cost more which is reflected in prices. Joe did that[/quote] Joe did what? "After reaching legal resolutions with 15 major chicken producers and four big tuna companies — all accused of inflating and manipulating prices — Ferguson’s office is now returning $40.6 million in restitution to approximately 402,200 low-income Washington households. Ferguson filed a lawsuit against 19 chicken producers — who account for approximately 95% of chickens sold for consumption in the U.S. — in 2021, accusing them of engaging in a wide-ranging illegal conspiracy to inflate and manipulate prices, rig contract bids and coordinate industry supply reductions to maximize profits. At the time, he commented: “If you’ve eaten chicken in the last decade, this conspiracy touched your wallet. This conspiracy cost middle-class and low-income Washington families more money to put food on their table. I will hold these companies accountable for the profits they illegally made off the backs of hardworking Washington families.” Washington also won $5.1 million from similar cases against big tuna companies — including a a $4.1 million resolution with StarKist, a $500,000 resolution with Chicken of the Sea, a $100,000 resolution with former Bumble Bee Tuna CEO Christopher Lischewski, and $450,000 in sanctions against StarKist’s parent company, Dongwon." https://www.yahoo.com/finance/news/families-were-cheated-low-income-123000733.html[/quote]
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