Earlier quoted context omitted.
Yep. To quote The Bullvine [0] (Axios for the cattle and dairy industry): "Here’s another force reshaping the industry that has nothing to do with immigration: processor consolidation. According to industry analysis, just three major cooperatives—Dairy Farmers of America, Land O’Lakes, and California Dairies—now handle over 80% of the nation’s milk marketing. These processors need massive, consistent volumes. New pro…
Market failures due to oligarchic control is the natural end state of capitalism. Everything is going as intended, the point of the system is to produce oligarchs, not efficient markets.
It is mainstream economic and political opinion to regulate in some manner to reduce market consolidation since the 1940s with the Herfindahl–Hirschman Index.