The president prefaced his remarks by reassuring his audience, "I am a capitalist." But he argued that the hunger for profit had to be tempered by competition: "Capitalism without competition is exploitation, it drives up profits — without competition is exploitation." This, he seemed to say, was the state of an industry dominated by meat giants: "Small businesses and family farmers and ranchers — I need not tell some of my Republican friends in those states. You have four basic meatpacking facilities. That is it. You play with them or you don't get the play at all and you pay...