How Grocery Store Monopolies Hurt Everyone | Corporate Casket

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4 • 961 Ratings

🗓️ 7 June 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Go to http://stitchfix.com/casket for 25% off when you keep everything in your Fix. Go to http://joinhoney.com/casket to get PayPal Honey for free! Sign up for our Patreon to support what we do! https://www.patreon.com/iilluminaughtii Welcome to the Corporate Casket, a weekly series where bad businesses go to die. The current state of American grocery stores presents an “illusion of choice” With the entire process becoming almost completely monopolized, almost everything you buy is sold by four different grocery conglomerates, and everything in them is sold by food monopolies. As the consolidation of grocery stores continues, they lead to a rising amount of concerns. How does this monopolization process impact our prices, our laborers, and our ability to buy food? What is really going on with food monopolies Connect With Me: https://linktr.ee/iilluminaughtii’ Sources: https://justpaste.it/d6uva Writers/Researchers/Helpers: Ali Z-B This episode was edited and mixed by: G. Thomas Craig Album cover art created by: Betsy Primes Intro Song Credits: Trauma- Will Van De Crommert Outro Song Credits: Electronica Punch- Oleksandr Koltsov Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Two of America's largest grocery store chains are preparing to merge, Kroger and Albertsons, and that
0:07.6	deal is worth about $25 billion.
0:11.2	The largest grocer in the U. the US by far is Walmart. Kroger is second, then
0:16.7	Costco and Albertson. In 2022, two of the largest supermarket chains in the United States
0:22.3	announced that they were planning
0:23.7	on merging together and to become one giant company.
0:27.8	Kroger and Albertsons released a plan for Kroger to buy Albertsons for a whopping 24.6 billion dollars.
0:34.6	Immediately, they started to sell all of the positives they claimed would come from this
0:38.4	massive deal.
0:40.1	This is because, for their sake, it was all good for the customers.
0:43.7	At least that's what they told people.
0:45.8	Kroger, in a masterfully crafted PR website,
0:48.7	say that they will invest everything they can to lower prices,
0:51.8	to provide pay raises, and enhance the customer experience.
0:55.6	The CEO of Kroger, Rodney McMullen wrote, quote, the combination of Kroger and Albertson's companies
1:01.3	brings together two purpose-driven organizations
1:03.9	to deliver superior value to customers, associates, communities, and shareholders.
1:08.4	And the Alberts and companies is a tremendous opportunity to bring together two highly complimentary
1:15.2	organizations delivering incredible value to our associates, customers
1:20.5	and communities. We see so many benefits from this combination.
1:24.8	To highlight just a few...
1:25.7	And if you took them at their word, then you might think that this whole world was jumping
	...

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