Mike Lee in Antitrust, by Amy Klobuchar

On Corporations: Consolidations like "Beerhemoth" can hurt craft brewers

I've worked to draw attention to the growing problems of runaway corporation consolidation and monopoly power: the often esoteric topic of antitrust. In 2015, for example, Republican Senator Mike Lee and I held a hearing titled, "Merger and the state of competition in the beer industry." This merger [of several large beer companies] "could have negative consequences for consumers, & could deprive thriving craft and independent brewers of distribution channels critical for reaching retail consumers." I pointed out that the growing "Beerhemoth" consolidation in the industry is concerning and that efforts must always be to protect the emergence of craft protectors that have brought so much needed competition back into the beer market. As of the end of 2018, more than 7000 breweries and beer pubs were operating in the US, and those independent craft breweries must be allowed to compete effectively against the industries' biggest players. And the best part? The independence means American jobs. Source: Antitrust, by Amy Klobuchar, p.178 Apr 27, 2021

The above quotations are from Antitrust Taking on Monopoly Power from the Gilded Age to the Digital Age by Amy Klobuchar. Click here for other excerpts from Antitrust Taking on Monopoly Power from the Gilded Age to the Digital Age by Amy Klobuchar. Click here for other excerpts by Mike Lee. Click here for a profile of Mike Lee.
Please consider a donation to OnTheIssues.org! Click for details -- or send donations to: 1770 Mass Ave. #630, Cambridge MA 02140 E-mail: submit@OnTheIssues.org (We rely on your support!)

Page last updated: Nov 25, 2021