Kroger & Albertsons Blockbuster Merger Hurts Consumers

Depending on where you live, if the proposed merger between Kroger and Albertsons is allowed to go through, the combined company could control 90% of the grocery market. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://prospect.org/power/proposed-kroger-albertsons-merger-would-create-grocery-giant/

"Today, anti-monopoly fighters control the major agencies that police mergers. They have been newly aggressive in scrutinizing concentration across the U.S. economy, more than willing to challenge the mergers-are-good orthodoxy of the past 40 years. But they are running into the buzz saw that is the federal judiciary. On several occasions in the past few months, courts have rejected attempts by the Justice Department’s Antitrust Division and the Federal Trade Commission to block mergers. Just last month, UnitedHealth was allowed to combine with Change Healthcare, medical testing companies Illumina and Grail were approved to merge, and the U.S. Sugar-Imperial Sugar deal was waved through.

To be clear, the losses are a good thing. It means that the agencies aren’t afraid to try to block the kinds of cases that haven’t been bothered with for decades. The federal judiciary, despite President Biden’s installation of a near-record number of judges, remains hostile to many of these cases, in thrall to a long-standing, corporate-friendly way of looking at antitrust. (The judge in the UnitedHealth case literally allowed the merger through because the company seemed trustworthy.) But that’s only going to change if the agencies are persistent at moving the legal philosophy around corporate power away from surrender. Matt Stoller of the American Economic Liberties Project calls this the “antitrust shooting war,” and the agencies are showing themselves willing to take some casualties."

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