Capitalism in action:
Step 1: Three companies come to control nearly all of the baby formula market by driving out or buying up competitors.
Step 2: One of the three, which holds 43% of the market, declines to replace its old and failing drying equipment, leading to rapid bacteria growth that resulted in four babies dying from infection after consuming the formula.
Step 3: The company, Abbott Laboratories, recalls its biggest formula brand. This leads to a massive shortage and panic as parents of infants drive hours looking for stores that have any in stock.
Step 4: Babies are gonna die from this, particularly the ones in poor households.
Capitalism will always lead to shit like this, because capitalism requires continuous growth and at some point you can’t grow any more without becoming a monopoly. The system requires the death of infants.
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Not so fun fact! This shortage is still going on and there have been at least 3 recalls on baby formula in the past 12...
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smitethestate posted this Capitalism in action:...Step 1: Three companies come to control nearly all of the baby...
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