In Book I of the Wealth of Nations, Adam Smith noted the dangers that arise when competing companies collaborate:
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
The story linked below seems, at least, to provide a counter-example. Of course, some might argue that any cozying-up between rivals is worrisome, from the point of view of consumers. >>>
LINK: Burger King to McDonald’s: Let’s Make a ‘McWhopper’ (by Stephanie Strom in NY Times)
In full-page ads running in The New York Times and The Chicago Tribune on Wednesday, Burger King, a perennial also-ran in the burger races, has asked McDonald’s, its battered but still potent archrival, to join forces.
The goal? To operate one restaurant for one day staffed by employees of both companies and selling a burger called the McWhopper, a blend of the Big Mac and the Whopper, the best-selling burgers at McDonald’s and Burger King.
Sales proceeds would be donated to Peace One Day, a nonprofit group seeking to….
What do you think?