this post was submitted on 12 Aug 2024
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cross-posted from: https://lemmy.ml/post/19046336

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[–] FiniteBanjo@lemmy.today 7 points 3 months ago* (last edited 3 months ago) (2 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.

[–] ulkesh@lemmy.world 5 points 3 months ago* (last edited 3 months ago) (1 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

[–] FiniteBanjo@lemmy.today 5 points 3 months ago* (last edited 3 months ago) (1 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

[–] ulkesh@lemmy.world 1 points 3 months ago (1 children)

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

[–] FiniteBanjo@lemmy.today 1 points 3 months ago (1 children)

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

[–] ulkesh@lemmy.world 1 points 3 months ago (1 children)

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

[–] FiniteBanjo@lemmy.today 1 points 3 months ago* (last edited 3 months ago) (1 children)

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

[–] ulkesh@lemmy.world 1 points 3 months ago (1 children)

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

[–] FiniteBanjo@lemmy.today 1 points 3 months ago (1 children)

Ah youre right, FCC just regulates telecommunications lol my bad must have been a little foggy.

[–] ulkesh@lemmy.world 1 points 3 months ago

No worries! Happens to me all the time in real life.

I appreciate the information you provided. Helps me learn some things I didn’t know and get my facts straight.

[–] demizerone@lemmy.world 1 points 3 months ago

The best bureaucrat we have is Lina Khan and all the wealthy donors on both sides want her gone.