[lbo-talk] Delong puts the smackdown on ol' Whiskers

[Michael Dawson]

> By the way, even though Wal-Mart has very substantial market power,
> it's been using that power to drive down wages & prices. About the
> only major "monopoly" I can think of right now that's overcharging
> consumers is Microsoft - and a lot of its consumers are businesses,
> not individuals.
> 
> Doug

I'm wondering, though, about the danger of also overstating this.  The other
day, you seemed to say that you don't think corporate pricing is
co-respective any more.  If that were true, why don't we have deflation?
Managed (non-market) pricing doesn't have to look like the 1970s, right?

And wouldn't SUV pricing be a pretty major example of corporate price
gouging?  SUVs are pick-ups with hugely marked-up gimmicks atop, right?  The
8 or 10 firms that sell them certainly conspire to leave this balloon
unpopped, don't they?