cross-posted from: https://lemmy.ml/post/19046336

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[–] 7 points 2 years ago* (last edited 2 years ago) (10 children)

In the USA, the FTC is actually taking grocery store chains to court over collusion and price fixing, presumably will target specific brands once more data gets released via the court proceedings.

So there are government officials doing things about it, but nobody ever seems to give them any fucking credit and every few years we vote in new politicians who gut the agency.

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  • [–] 5 points 2 years ago* (last edited 2 years ago) (8 children)

    This is news to me! You got a link to a credible source? I’d love to read it so I can hopefully change my opinion some.

    EDIT>> Found it on my own, and it's the FTC, not the FCC. And this was posted one day ago, so I would think I could be forgiven for that :) (Seems it's been in the works since March, at least) https://www.independent.co.uk/news/world/americas/us-politics/grocery-cost-inflation-investigation-b2594782.html

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  • [–] 5 points 2 years ago* (7 children)

    Investigation report form March LINK

    April actions LINK

    2 days ago LINK

    Also they sued to stop the Albertsons Kroger Merger LINK

    Everything else I said was pure assertion on my part, but the point still stands

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  • [–] 1 point 2 years ago (6 children)

    Thanks! That's definitely more than I found. I didn't know it goes back to March. Much appreciated.

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  • [–] 1 point 2 years ago (5 children)

    Well you can find various FCC lawsuits going back decades but nobody ever talks about any of that stuff.

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  • [–] 1 point 2 years ago (4 children)

    I think you mean FTC, but I'll research to learn more. Thanks!

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  • [–] 1 point 2 years ago* (3 children)

    FTC oversees securities exchanges, primarily. Things like the stock market.

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  • [–] 1 point 2 years ago (2 children)

    You’re mistaken. That’s the SEC. FTC is commerce and trade.

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