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this post was submitted on 10 Aug 2026
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Monopolies or Oligopolies will do that, yes. Can't sell high because only a few players that all price identically; cant buy low because only a few players that all price identically. Capitalism without competition is feudalism.
There's plenty of competition at the rancher level. That's not the issue. The bottleneck is the meat processors. That's where the oligopoly is. All the beef at the grocery store goes through a couple of major processors.
You can get beef for cheaper wholesale or buying beef shares. Even with processing from a smaller place, you're looking at $8-10/lb for buying a whole beef, which is way cheaper than the grocery store. You just still need a place to keep 400+lbs of beef frozen.
Interesting you should mention this. There must have been a beef price "crisis" at the retail level back in the early-mid 70s, because now I remember my parents buying something like a side of beef, having it cut up and packaged, and freezing it at home. They might have actually bought a separate freezer just for this endeavor. I'd totally forgotten about this until now and have never heard of anyone doing a similar thing ever since. They really seemed to think they were beating "The System" at the time but I wouldn't be surprised if they didn't even break even given the freezer storage needed.
Capitalism always does this, this isn't feudalism this is just capitalism. There's so much pro-capitalism propaganda out there that our idea of what capitalism is supposed to be like is the exception to the rule instead of the rule itself.