This blog is a random collection of information, partly in support of my quotations web site. Other topics include wine, military news, economics, history, libertarianism, and other random things which happen to strike my fancy. Backup site is at http://quotulatiousness.blogspot.com/ (if there are no posts showing, hit the backup blog for explanation). Comments have been turned off, as the spam was getting too much to handle. Comments can be emailed to me for posting.

May 29, 2007

Economics 201

Yeah, that's the ticket! You produce more wine than the market can absorb, and much of it is poor quality. You fix this by: A) reducing output B) improving quality C) both, or D) threaten to resort to terrorism.

In France, apparently D is the correct answer:

A shadowy group of wine activists has issued a one-month ultimatum to Nicolas Sarkozy threatening "action" if the new French President fails to help the industry.

The Regional Committee for Viticultural Action (CRAV) has been known to hijack tankers of foreign wine and dynamite government buildings or supermarkets.

In a pre-recorded message delivered to France 3, a regional television channel, from "somewhere in the Languedoc hinterland", five balaclava-clad men read out a statement addressed to Sarkozy.

Looking more like Corsican nationalists or masked Islamic fundamentalists than winemakers, the "wine terrorists" vowed that if nothing changed and the price they received for their wine had not gone up, they would go "into action".

Samizdata has more.

Posted by Nicholas at May 29, 2007 03:59 PM
Comments


Visitors since 17 August, 2004