In Italy, one of the most barbaric business practices I’ve heard is the asta al ribasso (downward auction). Big grocery chains buy basic produce (tomatoes and other vegetables 🌱) by setting a maximum price per tonne and letting agricultural producers bid lower and lower prices in the hopes of getting the order. Sometimes this mechanism causes produce to be sold below cost, something that only the big producers can sustain, driving smaller farmers out of business and incentivising illegal work with sub-poverty wages. Does this happen anywhere else?


✴️ Also on