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Albertsons and Kroger have been doing this everywhere and Kroger has their eye on acquiring Albertsons as a result.
If successful, a joint merger between Albertsons and Kroger would monopolize Grocery stores and they do NOT result in lower prices in any way shape or form. Proven fact (see Albertsons acquisition of VONS etc).
The government needs to get their anti-monopoly crap together and stop this madness.
100%. This shit has gone WAY too far, and the government needs to put a stop to it, because no one else can.
We need monopoly, collusion, and oligopoly busting badly in north america
But.. but... Think of the poor stock holders! How can they generate ever more profits if there is competition?
Kthulu begs your understanding, and softly reminds that your choice was already made. By Kthulu.
they do NOT result in lower prices in any way shape or form
No shit, that's exactly the opposite of what monopolies are for. Is there anybody actually trying to argue that?!
Kroger argued it in the article:
In contrast, Kroger and Albertsons Companies merging will bring lower prices to more customers, strengthen and create good-paying union jobs, and bring more fresh, affordable food to more communities,” the company said in an email.
And a worse working environment for their employees - but no one seems to care about workers.
Harm to workers was in the AG statement, also in the text field