About Me

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Dublin, Ireland
Hi, I'm a Master of Wine (MW) having passed in 1997. I am about to open a wine shop in DĂșn Laoghaire, Ireland, called The Wine Library and this is my wine blog. There should be no conflict of interest between my work with The Wine Library and the opinions expressed herein but I will do my utmost to be fair and responsible in my posts – please read my Who Pays article. I have worked in wine education, retail, and consultancy. From June 2013 until May 2017 I was the Retail Manager for The Wicklow Wine Company. I was a member of the Council of the Institute of Masters of Wine (IMW) from 2008 to 2014 and was also a member of the Events, Trips and Governance Committees 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.

Thursday, September 30, 2010

Monopolies are bad for you, aren't they?

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...

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