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Oofnik @kbin.social

12mo ago

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

apnews.com US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

Economics @lemmy.world

MicroWave @lemmy.world

12mo ago

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

apnews.com /article/kroger-albertsons-antitrust-grocery-merger-competition-71b47dc86ec7449f29b2b488c1d3f9de

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

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News @lemmy.world

NegativeNull @lemmy.world

12mo ago

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

apnews.com /article/kroger-albertsons-antitrust-grocery-merger-competition-71b47dc86ec7449f29b2b488c1d3f9de

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

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4 comments

We need to limit the total revenue a corporation can have.
Even something crazy high like 100 billion. You hit that line, no more expansion.
They'd have to decide if they want to concentrate in one area or spread nationwide. And places like Walmart and Amazon would never exist.
- Sounds good on paper but in the 80s/90s the US people were told 401ks are better than pensions. Now in order to retire we all have to cheer on non-stop expansion of corporations or we can never retire.
  
  Or we could, get this, tax the rich and build out an actual social safety net.

This merger would eliminate all grocery competition in my area. It's already bad enough that Kroger swallowed up all of the local chains.