After completing the purchase of half of all Rite Aid stores, Walgreens is closing nearly a third of them. https://www.newsmax.com/thewire/walgreens-closing-stores-600/2017/10/25/id/822120/
Walgreens acquired 2000 stores recently from Rite Aid and is closing 600 of them , saying they are too close to their Walgreens locations. This is blatantly anti-competitive and Walgreens should be broken up for anti-trust violations as a result. Rite Aid shareholders already have gotten screwed as their shares lost 75% of their value year after year, due to a shitty CEO. The CEO and management have made out like bandits with all these deals and left the shareholders and the workers as the bag holders. It is time the Trump administration made an example of these unscrupulous unethical jerks and broke their company up into tiny parts, preferably into mom and pop stores. These transactions of late demonstrate exactly what is wrong with the American economy. Its all about monopolizing and screwing the workers and shareholders of smaller companies.
Stagnation is the best word to describe this economic system with low
growth, massive debt, and very few monopolies making all the cash with very minor contributions to the economic system and productivity https://www.cnbc.com/2017/06/05/revised-q1-2017-productivity.html. The reason the globalists want everything stagnant is so they can have the government and the big corporate monopolies take over every facet of our lives https://www.nbcnews.com/tech/internet/amazon-hungry-it-s-coming-your-cable-channels-n801781, so that they can hoard all the cash. This is why the volatility of money is stagnant https://seekingalpha.com/article/4087640-low-volatility-limited-u-s-stocks. The money is flowing from the many to the few (perpetually). The public only gets the crumbs of welfare or low wage jobs, plus the same technology recycled over and over but with fancier packaging, ever higher price tags (inflation) and largely worthless miniscule ‘updates’.
Over-priced cell phones for the image-conscious (that most people are too
stupid to barely use the internet on and do any research anyhow) https://www.cnbc.com/video/2017/09/12/apple-iphone-x-price-starts-at-999-dollars-available-november-3.html, and rent
hikes are where the regular people’s cash is going. Into an abyss. There’s
no money left to buy other stuff for many lower class people. So rents and
cell phones and tech all explode up, gas and car prices crash http://www.zerohedge.com/news/2017-08-14/used-car-prices-crash-lowest-level-2009-amid-glut-lease-supply. and we get to
stagflation eventually in a matter of time (once the I rates go up to where
they should have been the last ten years).