
598. Is Overconsolidation a Threat to Democracy?
Freakonomics Radio
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.
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