Hmmm, all of us who are lucky enough to survive in a so-called free-market economy are well aware that one of the worst things that can exist is the monopoly. It's anti-capitalist, anti-consumer and probably the most evil thing that keeps economists sweating in their sleep at night. Read on, faithful reader...
Decanter News has a story today that will make you ALL want a monopoly. In Sweden, the state run wine monopoly, Sytembolaget, is selling Domaine de la Romanee Conti wines at incredibly low prices (low for wines of the Domaine, I hasten to add ;)). Romanee Conti 2006 will sell for the equivalent of £2,300, as opposed to £4,000 - £5,000 for the same wine in the UK. The monopoly adds a margin of£0.33 (yes - 33 pence) to the wine, plus 19% of the cost. So, off to Sweden we go...
About Me
- DermotMW
- Dublin, Ireland
- Hi, I'm Dermot Nolan, and I became a Master of Wine (MW) in 1997, and resigned from the Institute of Masters of Wine in 2023 after being an MW for exactly 26 years. I opened a wine shop in Dún Laoghaire, Ireland, called The Wine Library, which closed in 2018, and this is my personal wine blog. I will do my utmost to be fair and responsible in my posts – please read my Who Pays article in re the ethics of wine trips and writing. I have worked in wine education, retail, and consultancy since 1990. I was a Director of the Institute of Masters of Wine (IMW) from 2008 to 2014 and was also a member of the Events Committee, founder of the Trips Committee, and member of the Governance Committee. Having had problems with potentially libellous comments from unidentifiable posters, I now require that if you post a comment, you must identify yourself properly or it won't be published. Please note that I do not review products or services on request so kindly don't ask. I value my independence and I believe my readers (few that they may be) do so also.
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