Thursday , July 16 2020
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Cheaper Booze

Summary:
This is the likely result from allowing more efficient retailers into Texas. A Texas law has prohibited publicly traded firms from selling liquor. Walmart sued to challenge that rule, and on Wednesday a federal district judge sided with the retail giant.  The law was specifically written as a barrier to entry to protect mom & pop stores. The law was created in the early 1990s when the Texas Alcoholic Beverage Commission, or TABC, lost a lawsuit from an out-of-state package store liquor license applicant. The rule forbids publicly traded businesses from selling alcohol to protect family-owned companies. So, since the legislature could not keep out-of-staters out so they simply kept all publicly held firms out. Naked protectionism.

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This is the likely result from allowing more efficient retailers into Texas. A Texas law has prohibited publicly traded firms from selling liquor.
Walmart sued to challenge that rule, and on Wednesday a federal district judge sided with the retail giant. 

The law was specifically written as a barrier to entry to protect mom & pop stores.
The law was created in the early 1990s when the Texas Alcoholic Beverage Commission, or TABC, lost a lawsuit from an out-of-state package store liquor license applicant. The rule forbids publicly traded businesses from selling alcohol to protect family-owned companies.

So, since the legislature could not keep out-of-staters out so they simply kept all publicly held firms out. Naked protectionism.

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