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November 28, 2007

This Price-Fixing Case Looks Pretty Sweet

Chocolatebar
Have Nestle, Cadbury, Mars, and Hershey bitten off more than they can chew?

There.  Blawgletter said it.  The it meaning the title of this post.

You'd have done the same thing in our place.

Our provocation?  We learned today that Canadian antitrust authorities have started an investigation into whether multinational chocolatiers fixed prices on the food of the gods -- specifically flat rectangular hunks of same.  People in the Great White North buy $2.3 billion a year in chocolate and candy.

Who does the price-fixing hurt?  Dentists dislike it because higher prices lower demand for the sweet cavity-producing substance and, hence, drill-and-fill work.  But most obviously it injures the men, women, and children who pay an artificially high price for cocoa confections. 

Barry Barnett

Feedicon14x14 Blawgletter adores Hershey's Chocolate World but hates price-fixing.

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