Comment by imtringued

I'm not sure I understand your point? If you are private equity and do a leveraged buyout, the company is priced as if you could extract the current value of the company out of the acquisition. As if the company were a consumable basically, because that's how you're going to pay off the loan. If consuming the company requires mistreating customers (getting rid of consumer surplus), then that's what's going to happen. The way you're talking about this sounds like the cause is a lack of consumer surplus when that's just a symptom of a leveraged buyout.

Also Nordhaus being a Sveriges Riksbank price laureate tells you how silly and meaningless the Sveriges Riksbank price in economics is. His work on climate change is so bad it's embarassing.