Another Day, Another Dollar

Strange op-ed in today’s NY Times by president and chief executive of Brewer’s Association in the U.S.  He bemoans the fact that more and more small brewers are being “taken over” by Anheuser-Busch.  But no one is forcing the craft brewers to sell.  Anheuser-Busch shows up with tens of millions, the craft brewers sell, end of story: http://www.nytimes.com/2016/06/02/opinion/a-big-merger-may-flatten-americas-beer-market.html?_r=0

The same thing is happening in every food and beverage related industry.

Cowgirl Creamery was bought recently by Emmi, the huge Swiss conglomerate.  Perdue bought Niman ranch in the last couple of years.  Dannon owns Stonyfield.  Shuanghui International owns Smithfield, etc.

If you own a company and don’t want to sell, don’t sell.  If the shareholders or governing board vote to sell?  You’re out of luck.

But the idea that the federal government should step in and prevent purchase and sale of corporations because…because why?  Just isn’t consistent with how economies work.

 

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