Robert ReichApr 2, 2024

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.

Show threadVincent ParrettApr 2, 2024
@rbreich if you want to see how this looks, take a look at Australia - the Coles/Woolworths duopoly is causing a massive cost of living issue here.
Show threadKris Hardy
@vincedownunder @rbreich Same here in NZ with our Woolworths / Foodstuffs duopoly, and one of the major food manufacturers is also Foodstuffs. The only saving grace is that Foodstuffs is a co-op.
Apr 3, 2024 at 12:21amWeb