Legislators Are Trying to Pass Their Own State Version of an Outdated Antitrust Law—One That Is Dead at the Federal Level for a Reason.
Progressives across the country are busy selling an "affordability" agenda, but so far, many of their ideas for enacting that agenda are destined to raise rather than lower the cost of living. The latest example comes from New York state, where legislators have introduced legislation that effectively cracks down on price differences between large and small grocery stores. If the law passes, consumers will likely face higher food prices and less money in their wallets.
The grocery discount drama in New York started recently when Mondelez International—which is the producer of snacks such as Oreos, Ritz crackers, Philadelphia cream cheese, Wheat Thins, and more—declared that it was ceasing deliveries to around a thousand independent grocery retailers in New York City. Concerns immediately abounded that a $5.99 package of Oreos could suddenly cost $6.99 in the Big Apple.
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C. Jarrett Dieterle is a legal policy fellow for the Manhattan Institute.
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