Monday, July 14, 2008

Greed and monopoly in of all places--the beer industry...

I'm not happy about Anheuser-Busch selling out to InBev, not at all. In fact, I'm angry about it, though there's nothing I can do--except stop drinking AB products, which of course DH and I who hardly drink beer anymore anyway, have decided to do.

There's two issues that concern me in the AB buyout, the first is a foreign takeover of an American institution, the second is the monopoly--large monstrous corporations slowly buying out or taking over their competitors to the point where in every facet of American busienss, there will be only one or two competitors. We already see it in many areas, one that comes to mind is satellite television and cable. Cox Cable has a monopoly in many areas that offer cable and in others that don't, you can't get anything but Dish Network or Directv.

Competition is essential for a free market to exist and the fewer the competitors, the higher the prices and the worse off we are. You think the economy sucks now? Wait till there's no more competition. Wait till every piece of American business is owned and operated by foreign nations.
AB has been a part of American life since 1852 and now it has become yet another large American born-and-bred company to sell out to the highest bidder. Congress says they're concerned about a foreign company owning such a large American brand (oh now they're concerned?) and of course those individuals who work in the beer industry in St. Louis, MO are wondering about the future of their jobs. They should be. The whole face of Anheuser-Busch is about to change, like it or not, and in the end, even the famous Clydesdales which have been an American Anheuser-Busch tradition since 1933, and the adorable Dalmations who ride with them will be looking for work.

1 comment:

  1. Anonymous7/16/2008

    Don't you wonder if they even teach economics in school anymore? It seems that a lot of people don't even understand how a free market economy works. Competition is a darn good thing for the consumer.--ST

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