The Resident is right.
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Capitalism without competition is not capitalism.
That's the part he got right. He's also right about ranchers and prices of animals vs. the price of meat in the grocery store. He may be wrong in what he wants to do.
https://www.washingtontimes.com/news/2022/jan/3/joe-biden-to-promote-meat-industry-overhaul-hoping/
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What the hell does he think this is, the arms industry?