The Federal Trade Commission on Monday sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal could result in higher prices for millions of American consumers.
The FTC filed a lawsuit in U.S. District Court in Oregon, alleging that the deal is anticompetitive and could harm shoppers by boosting prices for groceries and other essential household items. The merger could also result in lower quality products and services, as well as limit shoppers’ options for where to buy groceries, the agency alleged.
The FTC was joined in the suit by eight state attorneys general and the District of Columbia.
If you ask me there was definitely a shift during and since the cold war era as our historically progressive parliament started trimming off and shunning its more socialist members and ideas. It follows the the cycle of exploitation following abundance. The Herd put it pretty well in their song 77% (indirectly about separate issues to do with the complacency of Aus voting constituency) - “We rode the sheep’s back, now the sheep ride you” (the country got rich off of the rise of agricultural development esp. wool industry during 60s and the primary beneficiaries are now oligarchs)