Attention Economy


Saturday, August 26, 2023

Supply, Demand, and Surplus Wine

France has too much wine. It’s paying millions to destroy the leftovers.
https://www.washingtonpost.com/world/2023/08/26/france-wine-surplus-drinking-less/
Ruining so much wine may sound ludicrous, but there’s a straightforward economic reason this is happening: Making wine is getting more expensive, and people are drinking less of it.