https://en.m.wikipedia.org/wiki/Anti-Monopoly - [ ] How civilisation became a game of monopoly.. how monopolies could be dismantled #Learn 🆔 0VrRvF Monopolies, like Luxottica's dominance in the eyewear industry, often lead to higher prices, reduced competition, and limited consumer choice. Luxottica controls a huge portion of the global sunglasses market--not just by owning major brands like Ray-Ban, Oakley, and Persol, but also by licensing designer names such as Prada, Chanel, and Burberry. Beyond manufacturing, they also own retailers like Sunglass Hut and LensCrafters, meaning they [[Control]] both supply and distribution. When a single company holds this level of power, it can set prices without fear of competition, restrict market diversity, and make it difficult for independent brands to thrive. [[Adam Smith]] warned against such concentration, stating in The Wealth of Nations: "Monopoly… is a great enemy to good management." This problem isn't unique to eyewear--industries from technology to pharmaceuticals face similar issues, where monopolistic control stifles innovation and exploits consumers. While some argue monopolies create efficiency, unchecked dominance often prioritises profit over public benefit, reinforcing the need for competition and regulation.