At Hearing, Warren Calls Out Food Industry Price Gouging, Urges Action to Combat It

Senator Warren's exchange with Dr. Alí R. Bustamante, Director of the Worker Power and Economic Security Program for the Roosevelt Institute, and Mr. Bilal Baydoun, Director of Policy & Research for Groundwork Collaborative at a May 2, 2024 hearing of the Senate Committee on Banking, Housing, and Urban Affairs entitled: Higher Prices: How Shrinkflation and Technology Impact Consumers’ Finances.

[@passerau]

The house and the senate should start a serious inquiry into this.

[@ronniefurbs]

I see the quality really down.

[@lesleysullivan6458]

Another problem is many food manufacturers are now owned by Holding Co's. The quality goes down, jobs leave the United States, and the products costs the same or more. An example of this is Mondelez. You might want to investigate them.

[@PyewacketCharmer]

It’s called price gouging. Last week, my local Walmart was selling 18 extra large eggs for $2.54. Today those eggs are $4.42. Why such a difference in price from one week to the next? Are the chickens on strike? Congress has to step 8n and help working families.

[@As_Sulay]

0:59 💭👩🏼‍⚖️

[@ilovetech8341]

I've simplified my diet to basics and growing my own. The grocery stores can take a hike.

[@user-cl5bj1mr4v]

Channel GodChristLord: Thank you Senator Warren. The store Pizza Hut attempted to rip us off with price gouging. So we left and now attend another restaurant.

[@JulianSloman]

Pretty sure monopoly was understood as a weakness of capitalism in the original book and government's role is supposed to be about avoiding that (and pricing on externalities like pollution)

[@rakashaagain]

Maybe remove all taxes and the government problem will be solve. Oh and gouging doesn’t exist if you let the free market free.

[@MeNoOther]

😂😂😂😂😂 That old Libertarian propaganda doesn't work !
Didn't you watch the video? There is NO Free Market, the corporations bought their competitors out, and as close to monopolies as they can get away with.
Tax at 90% like the government used to before Reaganomics destroyed this country
Price gouging and Shrinkflation are a thing.

[@chrispartin4549]

Unregulated markets doesn't work thats just greed.

[@danielscott6867]

I wish Canadian politicians had the drive, fight and interest to stand up to big grocery chains like this. 💪👏

[@glennr9913]

Senator Warren is one of the best. I wish all of Congress was as committed as she is.

[@Toxic-xu4bs]

She wants to kill crypto in the United States, blames it for tons of illegal stuff but doesn't know that you can literally track down the sender and the receiver... Currently, most black market things still use the untraceable dollar bill... She is a full blown liar on that regard.

[@bobbydennis8333]

🥂🍾