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In The Economist news magazine, Baobab - a blogger, writes about how a beer company has come to aid Africa. Often in the news firms are portrayed as taking advantage of the people they sell to. However, there very existence could potentially mark a significant change in a countries prosperity. We'll talk later on in the semester about how/why firms operate and free market capitalism, but for now I'll leave you with the question - Do you think that this company is being philanthropic by it's venture in Africa? Or, is it simply seeking to profit in a country that is haunted with hunger issues?
raj saleh
9/14/2011 02:40:42 am
i believe there intentions are clearly set on turning a profit. the only reason they want to improve the agriculture, is because later down the road it will become less expensive to produce quality beer by bypassing importation fees, and taxes(ultimately reducing there sunk cost). Even though the eithiopian government is expected to grow 6%, Heineken is one step closer to eliminating all its Competition and the already suffering people are on there way to becoming the subjects of another monopoly. Comments are closed.
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