HOW PRICES GET TWISTED OUT OF SHAPE (int'l edition)
''Globalization's dirty little secret'' (Economic Viewpoint, Sept. 7) alludes to Tony Blair and his ''New Labour'' government's opportunity to end overcharging consumers and raise standards of living. How sad that already the dream of a fairer Britain is being shattered by the hand of sharp business. Perhaps Robert Kuttner is unaware that government ministers have already backed away from the muscle of auto-industry giants, helping to maintain their exorbitant charges. Yes, please let us have antitrust laws now in Britain, supported by lower income taxes, a reasonable interest rate, and rewards for entrepreneurs.
Updated Sept. 17, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.