If you look at Kroger’s acquisition of Fred Meyer or Harris Teeter grocery stores, they massively consolidated market power in big swaths of North America, and the stores that Kroger was forced to spin off by regulators soon failed, and the profitable ones were gobbled up by Kroger anyway.
All companies pull this shit. Look at all the video game markers being bought by Valve, Sony, Microsoft, and Epic games. They promise this and that but after the ink dries, they do massive layoffs. Allowing one food superstore is dangerous. We will see higher prices. We will see layoffs and downsizing. We will see more bad products.
If you look at Kroger’s acquisition of Fred Meyer or Harris Teeter grocery stores, they massively consolidated market power in big swaths of North America, and the stores that Kroger was forced to spin off by regulators soon failed, and the profitable ones were gobbled up by Kroger anyway.
All companies pull this shit. Look at all the video game markers being bought by Valve, Sony, Microsoft, and Epic games. They promise this and that but after the ink dries, they do massive layoffs. Allowing one food superstore is dangerous. We will see higher prices. We will see layoffs and downsizing. We will see more bad products.