After demanding that the government investigate Big Oil, Big Cars, Big Poultry, and Big Semiconductors for allegedly gouging consumers, Elizabeth Warren now contends that Big Grocery is also conspiring to take advantage:
Giant grocery store chains force high food prices onto American families while rewarding executives & investors with lavish bonuses and stock buybacks. I’m demanding they answer for putting corporate profits over consumers and workers during the pandemic. https://t.co/NvY2MKKJNP
— Elizabeth Warren (@SenWarren) December 20, 2021
It is wild that all these grocery chains, which have been competing — and precipitously dropping prices — for decades, decided to collude at the very moment supply-chain problems hit, inflation spiked to a 30-year high, and Washington’s Covid-19 spending spree was needlessly swamping the economy. It’s even weirder that, according to Warren, virtually every boogeymen industry suddenly engaged in this dastardly behavior at the same time.