Government Meat Plants President Biden criticized the meat industry for what he termed “exploitation.” The term is a formal part of case law under antitrust and should have been the approach used by the Administration if that is what it believes. Instead, the White House has rejected the Washington Consensus of encouraging free markets and has adopted the Beijing Consensus of using state power to control economic sectors. This is not unusual in that western leaders have become more enthralled with China’s use of state power, adopting it to encourage domestic IT companies in Europe or urging companies to pay employees more regardless of productivity contributions in Japan. The problem is government’s tendency toward...

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