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The U.S. government has been involved in a global campaign against baby formula regulation, favoring large companies over health regulations. Documents reveal clashes over regulations, with the U.S. intervening in multiple countries to oppose marketing restrictions. Lawmakers are urged to remember past formula shortages and consider reducing import taxes to prevent future shortages.
The US effort to fight baby formula regulation in Thailand was part of a decadeslong, global effort to protect America’s significant formula production and export business. https://t.co/VSYmvJw9Ki
When government steps between customers and producers, price signals stop working as they should. Success in the market becomes dependent on closeness to government, rather than satisfying customers. The baby-formula market is a perfect illustration of this age-old story |…
When government steps between customers and producers, price signals stop working as they should. Success in the market becomes dependent on closeness to govenmentt, rather than satisfying customers. The baby-formula market is a perfect illustration of this age-old story |…
