https://www.theatlantic.com/ideas/archive/2024/12/walmart-prices-poverty-economy/681122/ “Walmart makes the places it operates in poorer than they would be if it had never shown up at all” #economics #monopsony #poverty #localfood #walmart
❝ The Federal Trade Commission sued the largest U.S. distributor of wine and spirits—Southern Glazer’s Wine and Spirits, LLC (Southern)—alleging the company violated the Robinson-Patman Act, harming small, independent businesses by depriving them of access to discounts and rebates, and impeding their ability to compete against large national and regional chains. This loss of competition ultimately harms consumers on choice and price.
