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Robert Reich
rbreich.bsky.social
did:plc:4u3hwe3p7oy3hoy3amlw7rp2
A federal judge just blocked Kroger's $24.6B acquisition of Albertsons.
Four corporations control 70% of retail grocery sales in America. Kroger and Albertsons are two of those corporations.
Less competition means more opportunity to price gouge.
This deal was a rotten egg.
https://www.cnn.com/2024/12/10/business/kroger-albertsons-merger-ruling/index.html
2024-12-10T22:44:44.856Z