FTC head wants investigation into grocery stores over inflated prices
FTC head wants investigation into grocery stores over inflated prices
The federal regulator wants to see if grocery chains are ‘exploiting their power to inflate prices’
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Best case scenario, what can we hope for?
Forgive my cynicism, but even if they get caught for egregiousness, I can't imagine they won't just get a "cost of doing business" slap on the wrist. I can only hope I'm wrong.
I agree the fines that are issued for these companies is way to low. But on the bright side the FTC is actually doing their job and if it is making C-suite executives even the slightest bit nervous I'm for it. Yep I know that is a low bar but it's something
It's absolutely something and a direct result of Democrats being in power.
Could you ever image a republican even asking about price fixing?? They'd probably be passing tax cuts for the offending corporations instead of fighting for the consumer.
As a consumer, probably not much and definitely not fast.
However, in the context of the Albertson and Kroger merger, it could cast shade on that case and impact the outcome.
So I guess, optimistically, we can hope it slows our capitalistic death march towards monopolistic consolidation of businesses.