Pitchfork Economics Episode Alert: “Why we can’t let Kroger buy Albertsons” with co-Executive Director of the Institute for Local Self-Reliance Stacy Mitchell
Grocery giant Kroger is attempting to merge with their competitor Albertsons in a disastrous move for shoppers and workers alike.
Right now, the only thing potentially stopping this merger is today's Senate hearing and final FTC review – and if everything goes Kroger’s way, the company will end up controlling more than 20% of the grocery market in the country.
If this merger goes through, Kroger will have less competition, making it likely that they'll jack up prices, cut jobs, and slash wages – all in service of maximizing shareholder profits.
On our episode of Pitchfork Economics, we talked with Stacy Mitchell – who runs an organization that challenges monopolies – to learn more about why mergers like this one are bad news for our economy.
Interested in hearing more about monopolies, John? Follow this link and listen to the full podcast episode now.
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Thanks for reading,
Team Civic Action
P.S. If you still haven’t taken action on this issue, please follow this link to call on your senators to oppose the Kroger/Albertsons merger at today's hearing.
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