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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20240604 05:21:00

we ve got monopolistic maker of the biggest packers who control over 80% of the food that s delivered in this country. it s not much different worldwide. for capitalism to work you have to have competition. if you have competition, that s good for the folks underground, the cow calf operators in this case. and it s good for the consumer, and the small and medium sized feeders because it will help regulate prices. right now, that s not the case. the rangers are not getting near enough with a need for their product, the calves. and on the other side of the equation, you have folks that are buying meat at the meat counter that are paying way more than they should then if it was working. that would not be the case. these bills that were put forth will help solve that problem. what will they do? basically, i am not for shutting down the big packers. what i am for is getting more transparency and making sure they re following the law. we ve passed the packers and stockyards act in 1921

Transcripts for MSNBC The Last Word With Lawrence ODonnell 20240604 02:21:00

need it to work, which is the efficient delivery of our food products to the marketplace. that line, capitalism isn t working, is something you might except expect to hear from bernie sanders somewhere. but it s a john tester line. look, it s not working because as you pointed out, we ve got monopolistic maker of the biggest packers who control over 80% of the food that s delivered in this country. it s not much different worldwide. four capitals and four were you have to have competition. if you have competition that s good for the folks underground, the cow calf operators in this case,. and it s good for the consumer. because it will help regulate prices. right now, that s not the case. the rangers are getting not near enough what they need to stay in business for their products, the calves. and on the other side of the equation, you have folks that are buying meat at the meat countered that are paying way way more than they should. if there is competition in this system, if capita

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