June 7, 2006

Wine Bankruptcies in Australia: More Ill-advised Government Policy

Lynne Kiesling Tim Worstall alerts us to a manifestation of government distortion of decision-making in Australia: a glut of grapes has pushed down grape and wine prices, and small producers are in danger of going out of business. The Telegraph article that Tim cites says that The problem is so severe that the industry said …

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The Plenitude of Capitalism and the World Cup

Lynne Kiesling Today’s Wall Street Journal has an article on a manifestation of the plenitude of capitalism: Wal-Mart is selling customized World Cup gear in the various countries where it operates around the world (US, Germany, England, Mexico, for example). My favorite: Garden gnomes in England kit. If that’s not culture-specific marketing, I don’t know …

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