Kroger wants to buy Albertsons and effectively become the second-largest grocery chain in the United States. This merger would result in less competition, rising grocery prices, and lower wages. Corporate greed has gotten us into this mess, but new federal anti-merger guidelines, and some tenacious Attorneys General, may just get us out. Returning guest Stacy Mitchell explains why mergers like this one are bad news for workers and shoppers alike.
Stacy Mitchell is Co-Executive Director of the Institute for Local Self-Reliance, a research and advocacy organization that challenges concentrated corporate power and works to build thriving, equitable communities.
Twitter: @stacyfmitchell
Institute for Local Self-Reliance: https://ilsr.org
Stacy Mitchell Responds to Kroger’s Bid to Buy Albertsons https://ilsr.org/statement-kroger-albertsons-merger
Report: How New Federal Anti-merger Guidelines Can Roll Back Corporate Concentration and Build Local Power
Website: http://pitchforkeconomics.com
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Nick’s twitter: @NickHanauer
This post was originally published on Pitchfork Economics with Nick Hanauer.