business news in context, analysis with attitude

Content Guy’s Note: Stories in this section are, in my estimation, important and relevant to business. However, they are relegated to this slot because some MNB readers have made clear that they prefer a politics-free MNB; I can't do that because sometimes the news calls out for coverage and commentary, but at least I can make it easy for folks to skip it if they so desire.

• The Associated Press reports that Sen. Elizabeth Warren (D-Massachusetts) has argued as part of her campaign for the 2020 Democratic presidential nomination that what she calls “unfair farming monopolies” should be broken up and that the government also should break up “‘vertically-integrated’ agribusinesses — those, like Tyson, that control multiple levels of production and processing of a product.”

“Today a farmer can work hard, do everything right — even get great weather — and still not make it,” she said. “My new idea would level the playing field for America’s farmers by standing up to Big Ag and un-rigging the rules that are hurting competition.”

The AP writes that “if elected president, the Democratic lawmaker says she’d appoint regulators to review and reverse some mergers among farming corporations. She singled out Bayer-Monsanto as a merger that ‘should never have been approved’.”
KC's View:
This is the same presidential candidate who has proposed the breaking up of big technology companies such as Facebook, Google and Amazon. As in that case, it is unclear to me that such breakups will be good for consumers by lowering prices … which is one of the benchmarks by which one gauges antitrust issues.

I will say this. Whether Warren wins or loses, it won’t be because she is vague on the issues. Like her or not, she is about as specific as anyone running about what she believes and what she’d do.