The infant formula crisis argues for less government intervention, not more

The infant formula crisis argues for less government intervention, not more


[This piece has been published in Restoring America to highlight economic reforms Congress could make to prevent crises like the infant formula shortage from occurring in the future.]

This week, I testified before the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights on the topic of “ Baby Formula and Beyond: The Impact of Consolidation on Families and Consumers” and — given this week’s troubling news about continued production problems at Abbott Laboratories’ plant in Michigan — the hearing couldn’t have been more timely.

Everyone at the hearing agreed that shortages in the United States have been caused in no small part by the current concentration of U.S. infant formula production among Abbott and three other companies: when Abbott initiated a voluntary recall

Trending: Massive Recall Announced, Normal Home Item Has Been Spontaneously Bursting Into Flames

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