Robert Reich, Raw Story - A massive corporate merger could send skyrocketing food prices through the stratosphere, unless the government sees the deal for what it is — a rotten egg. Supermarket giant Kroger is in the process of finalizing a nearly $25 billion deal to acquire its jumbo-sized competitor Albertsons, combining their 5,000 supermarkets into one mega company. Corporate concentration in the grocery market is already a huge problem, with estimates showing that just five companies control over 60 percent of American grocery sales. This means less consumer choice, and more opportunity for grocery stores to jack up prices — which they’ve already been doing lately under the cover of inflation. Let’s be clear: Big corporations are using the excuse of inflation to pass price increases through to you.
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