Baby formula shortage: capitalism fails America’s infants
Over the past few weeks, a shortage of baby formula has grown into a nationwide crisis, leaving millions of families scrambling for safe food for their infants. With an out-of-stock rate of over 40%, many parents are driving for miles and waiting weeks for backlogged deliveries—if they can find the right formula for their babies in the first place. A function of the irrational nature of the capitalist market, formula first started disappearing from store shelves due to supply chain issues and a massive recall by the largest producer in the country, Abbott Laboratories.