
In The Washington Post: Is America Still a Nation of Small Businesses?
Andrew Van Dam of the Washington Post's Department of Data explores the numbers behind American Small businesses with help from ILSR's Stacy Mitchell
In a popular New York Times Tik Tok, Stacy Mitchell explained why we need to look past the headlines about inflation to understand why our grocery bills are still rising. Her TikTok is based on an op-ed she wrote, “The Real Reason Your Groceries Are Getting So Expensive.”
Watch the Tik Tok here or below.
@nytopinion “To understand why grocery prices are way up, we need to look past the headlines about inflation,” writes Stacy Mitchell in an essay for @nytopinion. The real issue, according to Stacy, is that big retailers are “exploiting their financial control over suppliers to hobble smaller competitors.” Major corporations like Walmart and Kroger negotiate deep discounts from suppliers, making it impossible for local stores to compete with the chains’ prices. “When Walmart demands special deals, suppliers can’t say no,” she writes. “And as suppliers cut special deals for Walmart and other large chains, they make up for the lost revenue by charging smaller retailers even more.” The result is independent grocers getting forced out of business, which disproportionately affects rural small towns and Black and Latino neighborhoods. Read more at the link in our bio. #inflation #groceryprices #capitalism #nytopinion ♬ original sound – New York Times Opinion
Andrew Van Dam of the Washington Post's Department of Data explores the numbers behind American Small businesses with help from ILSR's Stacy Mitchell
"Much of Walmart’s market dominance can be attributed to its use of this illegal and anti-competitive tactic," says Stacy Mitchell
The FTC's lawsuit against Southern Glazer's Wine and Spirits, utilizing the Robinson-Patman Act, could be an opportunity to restore fairness to the American economy
"Consumers will feel the benefits through greater choice, lower prices, and vibrant neighborhood business districts," says Stacy Mitchell