Java Street Cafe
So far it appears that the policy, against what my own expectations would have been, is actually working. According to the cafe owner his profit numbers are almost identical, in fact, to when he set his own fixed prices.
Predictions on what will happen here, in the long term? I don't imagine this is a very sustainable system, but I'm extremely surprised at the initial results (I'd have estimated a decline in profits by a flat percentage - around perhaps 30-50%). Interesting experiment that the fellow has decided to conduct, in any case (and at quite some risk).
"Natasha has just come up to the window from the courtyard and opened it wider so that the air may enter more freely into my room. I can see the bright green strip of grass beneath the wall, and the clear blue sky above the wall, and sunlight everywhere. Life is beautiful. Let the future generations cleanse it of all evil, oppression and violence, and enjoy it to the full."
- Leon Trotsky, Last Will & Testament
February 27, 1940