The Federal Trade Commission (FTC) won headlines when it filed a lawsuit to prevent Kroger from buying Albertsons. The case goes to a court hearing in August.
This segment of What’s Ahead points out both the preposterousness of the FTC’s case in particular and the flawed concept of antitrust laws in general.
Is this grocery store merger a monopoly in the making? Not when there are so many sizable and agile competitors, such as Walmart, Amazon, Aldi, Costco, Sam’s Club, Target, Trader Joe’s and others.
Experience has shown that free markets are the best antidotes to monopolies.
