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this post was submitted on 24 May 2024
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I was always told competition helps drive prices down. Was that a lie?
This story is weak and literally makes one statement: consolidate the retail market and we might see better prices. It misses the mark on what it might be trying to actually say or what is actually going on: there is no chain large enough to put pressure on suppliers ( which are probably consolidating, invisible to consumers) to lower their prices, so stores are forced to keep high prices or raise them.
Yeah, it is blaming the bad situation on competition from small businesses, which makes no sense. Stop and Shop is not big enough and just can't seem to figure out how to lower prices with all this competition /s.
Seriously. I recently learned that group that owns Star Market, Shaws's, (+ a bunch of others https://en.wikipedia.org/wiki/Albertsons ) wants to merge with Kroger's (https://en.wikipedia.org/wiki/Kroger)
I'm sure that will drive down prices. Or maybe it works like trickle down economics. If the grocery chains are super rich then they will all hire us for really good wages and then that's how we'll get money.