from the urls-we-dig-up dept
Sometimes, a free market doesn’t create a thriving bazaar of competition. Occasionally, huge monopolies form, and the result is less competition (and sometimes less innovation). Maybe it doesn’t matter if you own Mediterranean and Baltic Avenue, but it could if you have Park Place and Boardwalk. Here are a few examples of monopolies you might run into someday.
- Anheuser-Busch InBev and SABMiller own a lot of beer companies, and Anheuser-Busch InBev wants to buy up Grupo Modelo next. If the deal goes through, 46% of the US beer market would be controlled by a single company. [url]
- Eyeglasses aren’t exactly hard to make, but they can be surprisingly expensive for a few grams of plastic. Luxottica is the company behind the glasses that about half a billion people wear, but maybe that will change when Google starts selling its fancy eyewear…. [url]
- If you’ve ever bought (or tried to sell) a diamond, you’ve probably run across a little company called De Beers. Chemistry professors should curse De Beers for the broadly held myth that a diamond is forever… diamonds are not the most thermodynamically stable form of carbon by a long shot. [url]
If you’d like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.