Freakonomics Radio cover image

598. Is Overconsolidation a Threat to Democracy?

Freakonomics Radio

NOTE

Appreciating the value of expensive technology- eg glasses

Wu criticizes Essalor Luxottica for abusing its market power in the eyeglass industry, which is essential for many people. Despite the high prices, he acknowledges the value of eyeglasses and the technology behind them. Wu contrasts Luxottica's role in eyeglasses with American Airlines in the airline industry, noting that while airline ticket prices have decreased over the years, Luxottica's prices remain high without significant innovation.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner