Transcripts for MSNBC Velshi 20240604 14:59:00

This is why we have antitrust laws because when two companies control something, much can go wrong. The least of which is higher prices for consumers. And when you have four companies controlling more than 40 of the market, you really dont have a competitive market anymore. We had trusts and monopolies in the late 19th century, early 20th Century and what most people dont realize is the Antitrust Enforcement in the 20th Century really gave us competitive markets in one sector after another. Before Ronald Reagan took office in the beef industry, you mentioned four companies control 85 of the beef in the united states. Before Ronald Reagan took over it was about four companies controlling 23, 25 of the market. So since 1980 we have seen one sector of the economy after another, being taken over by oligopolies, by monopolies and when you have that, you get inequality. These companies hold onto the profits and the amount of money being paid out to workers, the made money paid to ranchers