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US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher (apnews.com)

submitted 8 months ago by Oofnik@kbin.social to c/news@kbin.social

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Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

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[–] givesomefucks@lemmy.world 2 points 8 months ago (1 children)

We need to limit the total revenue a corporation can have.

Even something crazy high like 100 billion. You hit that line, no more expansion.

They'd have to decide if they want to concentrate in one area or spread nationwide. And places like Walmart and Amazon would never exist.

[–] Ganondorf@kbin.social 1 points 8 months ago (1 children)

Sounds good on paper but in the 80s/90s the US people were told 401ks are better than pensions. Now in order to retire we all have to cheer on non-stop expansion of corporations or we can never retire.

[–] Alto@kbin.social 3 points 8 months ago

Or we could, get this, tax the rich and build out an actual social safety net.