Robert Reich

Was your green beer more expensive this St. Patrick's Day? Perhaps it's because of corporate concentration?

If markets were competitive, corporations would keep their prices as low as possible as they competed for customers.

Fewer competitors means higher prices for you.

Mar 16, 2024 at 7:13pmWeb
Show threadCharlie StrossMar 16, 2024
@rbreich This is US-only, isn't it.
Show threadSteffen VoßMar 16, 2024
@cstross @rbreich Yes. https://www.statista.com/statistics/257677/global-market-share-of-the-leading-beer-companies-based-on-sales/
Beer market share by company worldwide 2022 | Statista

AB InBev, maker of Budweiser, held the largest portion of beer market share at 27.4 percent in 2022, ahead of other companies like Heineken.

Statista
Show thread`Da ElfMar 16, 2024
@cstross @rbreich Yes. And certain parts (most) of the US at that You can tell by the $value of "Beer" Companies in the graph.
Show threadNot My JobMar 16, 2024
@rbreich Competition has never kept prices down. It is another myth like trickle-down economics.
Show threadcmeierMar 16, 2024
@rbreich There are in excess of 250 breweries in Ohio. Every little town has its own brewery now. The barriers to entry are so low in the brewing industry that there is plenty of competition. Who cares what the market share is of the majors? They don't really make beer anyway. :)
Show threadseowashdc 🦉🏳️‍🌈 ⛵Mar 18, 2024
@rbreich - last year I had some promotional materials made - $96; this year the same exact materials (updated) - $127.