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.
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.
Canada has been subject to high food costs for ages because there's really only five major grocery companies country wide. It's bad!
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.
Kinda already *is* a price gouging free-for-all.
Albertsons died when Neighborhood Market moved into Tulsa. There’s a lot of options here, but Wal-Mart is the biggest, cheapest dog.
Laughs in Australian where we have two majors and one other who's trying to play.
If their reason to merge is that walmart is "too big to compete against", then the *right* answer is to BREAK UP WALMART!!
Right now where I live the merger would result in 2 bad chains (Ralphs & Albertsons) combining to make one worse and more expensive chain.
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.
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??