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Card 6 / 19: What do beer companies and electric utilities have to do with socialism?
Answer:
The argument in the text is that during summer months, companies that enjoy government-granted monopolies such as electric and water utilities often restrict their service, whereas private companies in open competition (such as beer and soda producers) welcome the boost in demand for their products.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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