"The episode highlights how highly concentrated the formula industry is — thanks in part to government policies — and the risks that can result."<p>The sad irony is, the "solution" is certainly going to be throwing more Fed government at it.<p>As long as were willing to put more eggs in Uncle Sam's basket (read: pocket), we're going to be subject to these "catastrophic failures."<p>Yes, governing is difficult, central governing even more so. Yet we insist on continuing to play to its weaknesses. And we keep adding more eggs.
This is a problem across most industries. the "free market" rewards concentration and exploitive labor practices naturally and cost shifts externalities like the environment away from the producers.<p>so what do you do? any regulations etc will raise prices which would be bore onto poorest parts of the population.