durrtyurr

durrtyurr t1_jc6j5y4 wrote

Yeah, it was definitely a thing when my grandfather was growing up. He always laughed at the "pepsi generation" ads because he considered himself to be the pepsi generation because a bottle of pepsi was almost twice the size of a bottle of coke when he was growing up, so that was all he drank. Growing up with a single father in rural eastern kentucky in the 1930s, he took what he could get.

11

durrtyurr t1_j06ph1g wrote

It's actually a really good example of a monopsony, where there are many sellers but only one buyer. The only other example that I can come up with off the top of my head is barley in South Africa, where there are hundreds of farmers who grow barley but South African Brewing buys 90% of all the barley grown in the country.

16

durrtyurr t1_j018tk2 wrote

The free thing is a total double-edged sword. yeah, people can get clothed, but it cuts the legs out from under retailers and producers in those countries and helps to prevent a domestic industry there that would improve the local economy.

5