July 23, 2024 32
64. Subject: Kroger
Received 12/28/23
Hello,
Kroger is already a monopoly, and on those grounds, their latest acquisition should be denied,
that's if antitrust laws are being applied as to Sen. Sherman's original intention.
Kroger already owns much of the grocery retail nexus. Quite frankly, it's a joke, as most legacy
grocery stores are simply Kroger owned retail outlets for P&G and Unilever. Far from "choice", we
have a privately held centralized food system. I suppose it's only a matter of time before Kroger is
moving from horizontal monopoly, to vertically integrated monopoly. It would be easy, given how
over 90% of our centralized food system is owned by only a few major industrial players, who
collude through AgriStats. Why should we let anyone attempt the same to pharmacies?
For about 40 years now, we've suffered under weak antitrust enforcement, along with a narrow
view of consumer injury, that fails to take into account anticompetitive impacts on labor,
community, environment, quality, culture, and health.
Vertical and horizontal monopoly weakens the majority of us, while enriching the few. Centralizing
a vulnerable system into few private hands - nowadays likely owned by Blackrock or Vanguard -
turns us all into feudal serfs of sorts, and systemically risks our ruin.
It's time for state and federal agencies, not captured so severely by the ones they're supposed to
be regulating, to speak up. It's time for both major political parties to throw off the Bork and
"Chicago School" doctrine on antitrust enforcement. Democrats desperately need a new argument.
Republicans should be asking themselves questions like, "Why is it that so many people employed
by these monopolists - that's if they're "lucky" enough to be employed or not having their job
automated out of existence - can't afford to start families?" So there is common ground for action,
after all.
As for pharmacies, major chains moved into small towns and pushed local pharmacies out of
business. Now those same chains are closing pharmacies in those small towns and rural areas,
leaving people to drive greater distances for medicine or making them easy prey for a monopolist
like Kroger. Looking at it through simple economics, it does not take a doctorate to see costs
increasing to taxpayers, employers, and individuals, while the quality of service and medicines
available in local areas declines. We ought to be looking at ways for small, locally owned
pharmacies to get back into business.
But that concern, while valid and well founded, is academic and quite frankly, anecdotal, when
compared to the larger problem of antitrust laws not being enforced as intended.
From Mars Co and Nestle Purina acquiring most of the major and "natural" pet food brands... and
pet diagnostics, and Banfield and VCA veterinary, with compromised vets telling their clients to
feed their dogs Purina - which is akin to a medical doctor telling a patient to eat McDonalds - to
vertically integrated big tech monopoly (one who has moved in on grocery, too) and Kroger... I
could go on, but do you see the problem here?