President Biden spoke with farmers in Illinois Wednesday as millions of Americans struggle to put food on their table, blaming record-high prices on “big companies” and greedy corporations.
“As big companies make massive profits, the prices you see at the grocery store have gone up. This reflects a market distorted by a lack of competition… Look, I’m a Capitalist. But Capitalism without competition is not capitalism. It’s exploitation!” explained the Commander-in-Chief.
Watch Biden’s comments above.