Biden to the rescue. He's having the military fly in 2 days worth of formula!
Women, Infants, Children (WIC): For the purpose of this program, about half the baby formulas produced in the United States are purchased by state governments with federal money.
“The production of baby formulas is a very regulated industry. In early 2022, the Food and Drug Administration forced the closure of a factory of Abbot Laboratories (producer of Similac) in Michigan. Abbot is the dominant American producer of baby formulas, partly because it is the monopolistic distributor chosen by most state governments. A germ had been discovered in the factory, but not in the products. Some 98% of all the baby formulas consumed in the United States are produced domestically, thanks to a customs tariff of 17.5%, not to mention the regulatory requirements. Industry concentration is a typical result of regulation and protectionism." https://www.econlib.org/how-londoners-survive-without-a-food-czar/
[In other words, it is completely government controlled and 50% is purchased by the government for WIC and it’s free for those families.]
This is called “central planning” and is a feature of Communist/Socialist countries with large bureaucracies that apparently have poor math skills. Women who usually got free formula through WIC are now having to buy it, making a shortage for those who always purchased formula. If you like central planning instead of free market and competition with minimal regulation and fewer monopolies, just keeping voting for Democrats.
Monday, May 23, 2022
Baby Formula mess
Labels:
baby formula,
central planning,
Democrats,
FDA,
protectionism,
Similac,
WIC
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