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Robert Reich@rbreich.bsky.social |
If the Kroger-Albertsons merger goes through, that new company plus Walmart would control 70% of the grocery market in over 160 cities. You think grocery prices are bad now? Without competition, it would be a price gouging free-for-all. This is why the FTC is suing to stop it.
20 replies 177 reposts 541 likes
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Anomolous Trend
@futurefocusedlefty.bsky.social
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Fun fact. No large merger EVER has reduced prices for consumers. EVER. Only profits for their shareholders who can now jack up prices without any existing competition.
0 replies 0 reposts 0 likes
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Leo Howler
@leohowler.bsky.social
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Canada has been subject to high food costs for ages because there's really only five major grocery companies country wide. It's bad!
1 replies 1 reposts 1 likes
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Just Some Homo
@gianthomo.bsky.social
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If it goes through, it will be a disaster for Oregon, Washington, and Idaho. It will mean that in many cities, the only grocery stores are Kroger owned.
1 replies 1 reposts 4 likes
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Mary is Merry
@mmchol.bsky.social
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Kinda already *is* a price gouging free-for-all.
0 replies 0 reposts 2 likes
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J.D. Buffington
@jdbuffington.bsky.social
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Albertsons died when Neighborhood Market moved into Tulsa. There’s a lot of options here, but Wal-Mart is the biggest, cheapest dog.
0 replies 0 reposts 1 likes
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Amy S
@msamyrei.bsky.social
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Laughs in Australian where we have two majors and one other who's trying to play.
0 replies 0 reposts 0 likes
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@redshoes.bsky.social
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If their reason to merge is that walmart is "too big to compete against", then the *right* answer is to BREAK UP WALMART!!
1 replies 0 reposts 4 likes
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HBSteveB
@hbsteveb.bsky.social
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Right now where I live the merger would result in 2 bad chains (Ralphs & Albertsons) combining to make one worse and more expensive chain.
0 replies 1 reposts 0 likes
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Steve Ritacco
@computermuse.bsky.social
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It's already too late. All our major industries are monopolized. The only way to fix any of it is to start breaking some of them up.
1 replies 0 reposts 1 likes
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hopskotch SunDAY🤘🏼🔥❤️
@hopskotch.bsky.social
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I read your book, The System, but how again did we lose the laws against monopolies? I assume rich lobbyists are constantly trying to rig the system for the privileged. How do we keep the rich and powerful under control??
1 replies 0 reposts 1 likes
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Mónica
@monicaha.bsky.social
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This is why the FTC under BIDEN is suing to stop the Kroger-Albertsons merger. If Trump or another Republican were in office, the FTC wouldn't have interfered.
0 replies 0 reposts 1 likes
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La Conquête du Panini
@botsnack.bsky.social
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It's absolutely wild to see the concentration of the market since the late 70s. E.g. United Natural Foods was a NE distribution channel, grew till it was global, then whole foods bought it. There are some grim charts showing consolidation out there. (Search now sucks)
0 replies 0 reposts 2 likes
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Bargdaffy
@bargdaffy.bsky.social
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Whatever...
0 replies 0 reposts 0 likes
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💀 Cromortuary 💀
@lapanique.bsky.social
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They're probably already colluding.
0 replies 0 reposts 2 likes
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Pete Knight
@peteknight.bsky.social
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The UK'S Tesco supermarket chain has tried twice to enter the US grocery market and both times Walmart froze them out. Things will only get worse, denying Americans choice.
0 replies 0 reposts 0 likes
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ShanJé
@shanje.bsky.social
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The only other options in the Seattle area are the higher priced co-ops, Whole Foods and niche stores. It’s a big issue.
1 replies 0 reposts 1 likes
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@rkoreis.bsky.social
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And nine state attorneys general.
0 replies 1 reposts 4 likes
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Joseph P. Gillis
@josephpgillis.bsky.social
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It will have a terrible effect on competition at the supply level, which has been consolidating for years now already, which would pinch small grocery chains. Walmart used to charge customers half a penny less than our supplier, nash finch which got bought-consolidated by spartan finch.
0 replies 0 reposts 0 likes
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Motown
@motown.bsky.social
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Consolidation would make food distribution to the detention camps more efficient.
0 replies 0 reposts 0 likes