Saturday 2 September 2017

 

A test case for progressive enterprise - the affordable Montreal optician

Recently Philippe Rochette a renegade Montreal optician (seen below in the comfortable home his profession has brought him) has become well-known for doing something markets are supposed to do, charge the lowest price for the goods sold, one that provides a fair price/affordability for the target buyers while covering costs (with profit, of course...) for the sellers.That Rochette's price for eyeglasses is widely less (- 90%) than the norm for the industry should, then, according to the fantasy of market theory mean that eventually all  opticians will soon charge this lower price. Stay tuned to see if it happens. There are too many problems with the theory to list them all here, but to start with we might ask why opticians have been charging so much in the past.

Of course, it is because they could and that is because opticians as a group  were happy with their gross profits. Now that somebody has broken ranks we have a test case for progressive, if not exactly social, enterprise (price is only one factor,  and arguably a subsidiary one, among social business criteria). But at least Rochette has identified a gap - affordable eyewear - which has prompted TorontotheBetter to explore other gaps in our social enterprise environment in Toronto. To check our current coverage look under the TorontotheBetter Product/Services listing here - http://www.torontothebetter.net/2tgbd-sh.html- and email what you find out to postmaster@torontothebetter.net. We have several food and travel listings but is there a socially responsible security firm or hairdresser out there? If so, we don't know about them...yet, As for opticians, after Rochette, let them prove  to us the rationality of markets by lowering their prices en masse.



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