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Robert Reich
@rbreich.bsky.social
Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Substack: robertreich.substack.com | Mastodon: masto.ai/@rbreich | LinkTree: linktr.ee/rbreich
35.2k followers79 following1.5k posts
RRrbreich.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.

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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.

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LHleohowler.bsky.social

Canada has been subject to high food costs for ages because there's really only five major grocery companies country wide. It's bad!

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JSgianthomo.bsky.social

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.

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MImmchol.bsky.social

Kinda already *is* a price gouging free-for-all.

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JBjdbuffington.bsky.social

Albertsons died when Neighborhood Market moved into Tulsa. There’s a lot of options here, but Wal-Mart is the biggest, cheapest dog.

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ASmsamyrei.bsky.social

Laughs in Australian where we have two majors and one other who's trying to play.

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redshoes.bsky.social

If their reason to merge is that walmart is "too big to compete against", then the *right* answer is to BREAK UP WALMART!!

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Hhbsteveb.bsky.social

Right now where I live the merger would result in 2 bad chains (Ralphs & Albertsons) combining to make one worse and more expensive chain.

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SRcomputermuse.bsky.social

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.

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HShopskotch.bsky.social

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??

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RR
Robert Reich
@rbreich.bsky.social
Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Substack: robertreich.substack.com | Mastodon: masto.ai/@rbreich | LinkTree: linktr.ee/rbreich
35.2k followers79 following1.5k posts