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Topic: In other news ...

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MrNubbz

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Re: In other news ...
« Reply #23338 on: May 08, 2023, 07:06:11 AM »
The post I quoted was a deliberately ignorant suggestion that everyone just has to try hard and everything will work out....which is bullshit. 
lulz mmkay plastering bullshit and accepting it as fact in your land of make believe. So we as individuals aren't responsible for our own devlopment or lack there of? Good to know, I'm beginning to see where the problem is. Almost everyone here came up thru public schools Life never has been or will be fair. And your idea of taking someone else shit and giving it to others will under the false pretense of social justice will never work. Because you got away with it doesn't make it right
« Last Edit: May 08, 2023, 07:31:31 AM by MrNubbz »
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NorthernOhioBuckeye

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Re: In other news ...
« Reply #23339 on: May 08, 2023, 08:42:09 AM »
The post I quoted was a deliberately ignorant suggestion that everyone just has to try hard and everything will work out....which is bullshit. 
Well, I guess you could sit around, feeling sorry for yourself and blaming the rest of the world for your situation. Let's see how that works out for you. 

Perhaps there are other countries that have it figured out and align more with your line of thinking. I hear that rents are pretty cheap in Cuba. You may want to consider a move there? LOL.

847badgerfan

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Re: In other news ...
« Reply #23340 on: May 08, 2023, 09:30:34 AM »
A good and solid system of education solves mostly all of this.
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betarhoalphadelta

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Re: In other news ...
« Reply #23341 on: May 08, 2023, 09:32:42 AM »
You're ignoring the numbers on the y-axis.  Single digits.  Just give it time, the 3-4 major producers will buy up and suppress all of these single-digit, regional upstarts.  It's inevitable.
.
Check back in 10 years.
Nice of you to not pay attention to the second graph. I'm sure you would have said "check back in 10 years", but the second graph was checking back in 10 years, when craft had grown from single digits to ~25% of the market. 

I've asked you to prove it. And yet the example you gave, potato chips, I showed you how the single dominant player has lost 8% market share in the last 20 years. And the example Nubbz gave, the two dominant US players (formerly three but two of them combined) have spent the last 20 years losing over 20% market share, and not to 100 or 200 competitors that they can just buy up, but to 9,000+. 

Lost me they still consolidated BIG and  MANY of those imports were swallowed by the other two. Same thing with the Crafts Goose Island in Chicago got bought out by one for instence.It's what they do,some may operate independently but they're still under the umbrella. Crafts undeniably have made for better quaffing however
Yeah, and it's a dynamic market. Obviously Goose was acquired by ABInbev, Lagunitas was acquired by Heineken, and more recently Stone was acquired by Sapporo. I mentioned the big acquisition (and then divestiture) of Ballast Point. Some of the craft breweries embarked on a massive expansion trajectory, couldn't financially sustain it, and became targets for acquisition. 

But at the same time, craft has changed the entire culture of beer. There are aspects of it that the big boys can never replicate, and that's the idea that crafts are by definition local. It's the idea that you go to a neighborhood brewery specifically because it's NOT "big beer" and because you can't get it anywhere else. These are properties that the big beer companies have no desire to own, and that the owners have no desire to sell. The big boys know how to sell undifferentiated beer to undiscerning customers, and they're scrambling to try to remain relevant in these new times. Scrambling so much that Bud Light might have just pissed off their core audience because they were trying to reach out to new audiences whose existence angers their core audience. 

The truth about capitalism and the free market is this: you can only survive and grow if you are satisfying customers. If you fail to do that, no matter HOW big you are, you will shrink and eventually disappear. The reason that bigger breweries are trying to buy their way into the craft market is because big beer was failing, not because they were successful

847badgerfan

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Re: In other news ...
« Reply #23342 on: May 08, 2023, 09:44:24 AM »
The truth about capitalism and the free market is this: 
For me and almost all of the small business owners I know - and I know a lot of them - there is but one goal in the end.

That goal is to build a company that is strong enough to be A) acquired by a larger company for a large sum or B) acquired by employees at an amount equal to or greater than a nice pension.

I would have preferred A, but I worried about what the larger company might do to the great employees. So I chose B.

Everyone is happy.
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MrNubbz

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Re: In other news ...
« Reply #23343 on: May 08, 2023, 10:08:38 AM »
But at the same time, craft has changed the entire culture of beer. There are aspects of it that the big boys can never replicate, and that's the idea that crafts are by definition local. It's the idea that you go to a neighborhood brewery specifically because it's NOT "big beer" and because you can't get it anywhere else. These are properties that the big beer companies have no desire to own, and that the owners have no desire to sell. The big boys know how to sell undifferentiated beer to undiscerning customers, and they're scrambling to try to remain relevant in these new times. Scrambling so much that Bud Light might have just pissed off their core audience because they were trying to reach out to new audiences whose existence angers their core audience.
What happened here? Must have missed it as i do everything else  :015:
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Gigem

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Re: In other news ...
« Reply #23344 on: May 08, 2023, 10:16:36 AM »
They partnered with some transgender “ IT” in an ad campaign. It did not go well. 

betarhoalphadelta

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Re: In other news ...
« Reply #23345 on: May 08, 2023, 10:18:33 AM »
Yeah, it won't really be productive digging into the details in this thread (I'm sure Area 51 is ALL over it), but they kinda shot themselves in the foot. 

But the relevant part is that the marketing person responsible at AB basically said that the reason it was done was because Bud Light is a dying brand and they needed to reach out to new audiences. 

MrNubbz

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Re: In other news ...
« Reply #23346 on: May 08, 2023, 10:21:02 AM »
A good and solid system of education solves mostly all of this.
That and personal effort studying and due dilligence. Perhaps i just can't admit that I'm responsible for holding down so many that otherwise would have went on to successful carreers in architecture,enginnering,professorship,administration,researcher,cyber security,etc. Never knew i had so much clout,should have went after Congress and the untouchable 1%ers
Suburbia:Where they tear out the trees & then name streets after them.

847badgerfan

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Re: In other news ...
« Reply #23347 on: May 08, 2023, 10:22:51 AM »
Education reform is such a crucial need right now. Would like to see the Feds get out of that business.
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MrNubbz

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Re: In other news ...
« Reply #23348 on: May 08, 2023, 10:26:07 AM »
They partnered with some transgender “ IT” in an ad campaign. It did not go well.
I gotta believe the CCP with their new found wealth are behind this. No one believes that shyt or very little of it. Buying off people in position to spout that drivel. I don't buy/believe that in the last 3 years seemingly 1/3 the population became unhinged half wits
Suburbia:Where they tear out the trees & then name streets after them.

longhorn320

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Re: In other news ...
« Reply #23349 on: May 08, 2023, 10:44:21 AM »
Yeah, it won't really be productive digging into the details in this thread (I'm sure Area 51 is ALL over it), but they kinda shot themselves in the foot.

But the relevant part is that the marketing person responsible at AB basically said that the reason it was done was because Bud Light is a dying brand and they needed to reach out to new audiences.
What % of the US population is transgender? According to recent surveys and other efforts its been estimated at about one third of one percent or approx 1 million citizens

If AB actually undertook this move to reach out to new audiences it was a stupid move and not worth the money invested
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Riffraft

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Re: In other news ...
« Reply #23350 on: May 08, 2023, 10:49:01 AM »
Graph the number of companies earning the top 90% of any industry's wealth from any length of time in the past to now.  The further back you go, there are multitudes more.
Hell, go to a grocery store in 1985 and today.  Go to the chip aisle.  At first glace, it looks like the same number of chip bags, maybe even similar variety of chip types.  In 1985, a couple of dozen companies made those chips.  Today, maybe 3 do. 

Fighting me on this is silly.  It's a fact.  Sorry if it's not happening fast enough for you.  You sound like someone wary of evolution because a monkey doesn't turn into a human before your very eyes.
Typically when the free market tends towards monopolies in particular industry, it is because of entry barriers in the market.  For some it can be material costs, others Labor cost and in this day and age government regulations, taxes, fees, etc.  In a true free market without interference, in a monopoly situtation, the lure of profit were become great enough for a competitor to enter the market and compete.  Now we could argue whether there are "natural" monopolies but most sectors are not that.  Given minimal barriers to entry into a market, there will be very few monopolies, it is a natural result of supply and demand in a "true" free market. Adam Smith's hand works wonders when left alone. 

847badgerfan

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Re: In other news ...
« Reply #23351 on: May 08, 2023, 11:46:26 AM »
Typically when the free market tends towards monopolies in particular industry, it is because of entry barriers in the market.  For some it can be material costs, others Labor cost and in this day and age government regulations, taxes, fees, etc.  In a true free market without interference, in a monopoly situtation, the lure of profit were become great enough for a competitor to enter the market and compete.  Now we could argue whether there are "natural" monopolies but most sectors are not that.  Given minimal barriers to entry into a market, there will be very few monopolies, it is a natural result of supply and demand in a "true" free market. Adam Smith's hand works wonders when left alone.
Most definitely on that bolded part.

Also, not just entry. It's almost harder to exit than it is to enter. Trust me. Been there.
U RAH RAH! WIS CON SIN!

 

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