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Kamala Harris economic plan to focus on groceries, housing and healthcare
(www.theguardian.com)
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this post was submitted on 15 Aug 2024
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A larger number of competitors has a natural tendency to make collusion more difficult. You are correct that the collusion needs to be aggressively addressed too. Ideally, that would just be a matter of strengthening and enforcing laws. But, I think increasing competition also helps create a market where collusion and price gouging are naturally much less likely.
Increasing competition is good but my point is that because this situation is an oligopoly rather than a monopoly, aggressive price/profit regulations for people's basic needs and enforcement will get us further faster and have more staying power than trying to break up a half dozen mega corporations (especially with how involved they are in politics).
Preventing further market concentration, such as Albertsons/Kroger, is definitely needed. And breaking Amazon and Whole Foods up would be good. But it's hard to argue that a monopoly is a monopoly when there's three other oligopoly corporations nearby. Which will make breaking them up difficult.
Subsidizing small grocers and food suppliers while aggressively taxing megacorps would also create market incentives that would move us towards more competition.
Salient points. I'm sold.