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Freakonomics Radio

598. Is Overconsolidation a Threat to Democracy?

Jul 25, 2024
Maria Liu, a professor of clinical optometry at UC Berkeley, dives into the alarming rise of myopia and the significant overconsolidation in the eyewear industry. She discusses how corporate dominance affects consumer prices and democratic values. The episode highlights innovative approaches to myopia management and the importance of quality eyewear tailored to individual needs. Liu also explores the environmental factors contributing to myopia and the expanding market for corrective lenses, shedding light on this urgent public health issue.
37:11

Episode guests

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Quick takeaways

  • Essalor Luxottica's dominance in eyewear industry raises pricing control concerns.
  • Rising myopia globally prompts the need for innovative treatments and services for eye health.

Deep dives

Financial Impact of Eyewear Industry Dominance by Essalor Luxottica

The dominance of Essalor Luxottica in the eyewear industry raises concerns about market power and pricing control. With control over retail, manufacture, and insurance, they set high prices, impacting consumer affordability significantly. Critics argue that exploiting essential needs such as vision care with high prices is unfair, highlighting the industry's economic practices.

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