In this case, they will use lower prices enough that regular grocery operations around your area will eventually shut down (figure five years), and then raise their prices by thirty-to-forty percent. Wal-Mart used the same strategy in the 1980s and clobbered out the competition.
But notice that Walmart prices are still low.
“In this case”
That is exactly what Wal-Mart did and others attempted to do. Sears & Roebuck did it before Wal-Mart long long ago.
Applying this to food is a double end trap.
On the production side you have totally insane laws pertaining to seed production. Global Companies bought the politicians, wrote the new laws to suit them, have put huge cost push on the production side. And now with the US Dollar at a huge high, the export market won’t work. The grain market price has collapsed. We’ve seen a huge drop in our export market because of the exchange rate, we are no longer competitive.
They sell this concept from standpoint of “technology” but the reality is, it is the same game. This one is deadly applied to food.
Ask someone living in Venezuela what food shortages do.