Wednesday, December 5, 2007

The Condom Cartel

Apparently there's some price fixing on condoms going on in Europe. Six rubber firms, who make everything from "shoe soles to condoms" met regularly to discuss prices and market information, the BBC reports. These firms controled the entire condom market in Europe.

This is actually pretty serious. Having affordable and availible condoms is a vital part of public health. Customers have been overcharged by up to 30 percent. Two of the firms charged with price fixing by the EU were U.S. firms DuPont and Dow Chemical, and what's more, this is the third time the rubber industry has been caught engaging in price fixing.

So much for the free market.

Cross-posted on

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