If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70% of the grocery market in over 160 cities.
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.
@rbreich When "inflation" is being driven by huge companies simply raising prices, the appropriate government response is to increase competition by breaking up their monopolies.
And the Biden administration, for the first time since Reagan took office in 1981, is doing exactly that: trustbusting.
Robert Reich
M.S. Bellows, Jr.