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

Charles Brown cbrown at michiganlegal.org
Wed Apr 6 11:47:46 PDT 2005


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

^^^^^^ CB: Isn't driving down prices ( and wages !) something a "monopoly" is known to do ? Cutthroat competition is driving prices down. Rockefeller destroyed competitors through cutthroat pricing at a certain points, according to one urban legend.



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