It is a sad truth that the food industry is highly exploitative. Everyone knows the cost of food is rising, yet few recognize the true underlying causes. The need to maximize profits has driven big business to act in greedy and damaging ways. From uneven playing fields in the supply chain to factory farming techniques that have drained resources and harmed our planet, it’s not hard to see that the food industry is anything but fair.
To better understand how exploitative the industry is, let’s take a closer look at some of the major companies involved. While the focus has been on the rising costs of food, the issue goes far beyond that. Large corporations have an even bigger stake in the game.
One of the most egregious examples is the way supermarkets exploit suppliers. Supermarkets have the upper hand in negotiations, and as such they are able to strongarm the suppliers into accepting far lower prices than they would get if dealing with a more impartial market. This leads to far lower revenues for the suppliers, while the supermarkets get to keep a vast majority of the profits.
Big business also uses its power to manipulate the food industry in other ways. For example, due to their size and influence, many large companies are able to lobby the government for favorable legislation, often getting subsidies and other forms of assistance that allow them to operate with virtual impunity, while smaller businesses are left out.
It’s also worth pointing out the unpleasant reality that often large companies have connections to oppressive regimes, which they use to gain access to resources and labor at cheaper costs. This has a devastating effect on the local communities and the people in those countries.
Finally, it’s important to point out that large corporations often use deceptive marketing tactics to drive up sales. From false labeling to heavy promotion of certain products, big business is more than willing to take shortcuts to increase profits, leaving consumers with no choice in what they buy and often paying more than they should.
Ultimately, this exploitative nature of the food industry must be addressed. Those in power benefit from it, so it’s up to us to take action and make sure that our hard-earned money is not going to increase someone else’s bottom line. Only then can the industry be reworked to reduce exploitation and provide a balanced playing field where everyone can benefit.
- @ August 13, 2023 4:00 am