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FTC head wants investigation into grocery stores over inflated prices
(www.independent.co.uk)
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this post was submitted on 12 Aug 2024
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Best case scenario, what can we hope for?
Forgive my cynicism, but even if they get caught for egregiousness, I can't imagine they won't just get a "cost of doing business" slap on the wrist. I can only hope I'm wrong.
I agree the fines that are issued for these companies is way to low. But on the bright side the FTC is actually doing their job and if it is making C-suite executives even the slightest bit nervous I'm for it. Yep I know that is a low bar but it's something
It's absolutely something and a direct result of Democrats being in power.
Could you ever image a republican even asking about price fixing?? They'd probably be passing tax cuts for the offending corporations instead of fighting for the consumer.
As a consumer, probably not much and definitely not fast.
However, in the context of the Albertson and Kroger merger, it could cast shade on that case and impact the outcome.
https://www.grocerydive.com/news/key-kroger-albertsons-merger-court-dates-ftc-washington-colorado/723375/
So I guess, optimistically, we can hope it slows our capitalistic death march towards monopolistic consolidation of businesses.