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Regulatory capture is milking the baby formula market

The great baby milk drought of 2022 is a man-made disaster, a perfect storm of regulatory and policy failure. There is, however, a simple formula for restoring a steady flow of the white stuff. First, the Biden administration should immediately suspend the tariffs and restrictions that block imports from the European Union and Canada, whose safety and quality standards exceed the FDA’s. Next, the administration should break up the government-sponsored monopoly that caused the drought in the first place.

Regulatory capture is milking the baby formula market

The great baby milk drought of 2022 is a man-made disaster, a perfect storm of regulatory and policy failure. There is, however, a simple formula for restoring a steady flow of the white stuff. First, the Biden administration should immediately suspend the tariffs and restrictions that block imports from the European Union and Canada, whose safety and quality standards exceed the FDA’s. Next, the administration should break up the government-sponsored monopoly that caused the drought in the first place.

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