I like the point that you make here. Many posters in the crucible here on the forums that have gone for years and are die hard fans are complaining that Disney is becoming too expensive and that it was a more magical, inexpensive experience in the past with less guests (and less strollers, but more trees). And yet, as prices continue to rise, so does attendance.
I tend to think that this is an approach Disney is willing to take to start managing overcrowding in the parks, especially MK. In total, due to multiple reasons, we will have visited 6 times this year (and we are in no way local). We have already visited 4 times already, and I will be back in the World tomorrow for 4 days. Each of the 4 times thus far, the parks have never felt comfortable except for the small trip we took over Labor Day. Heck, I even remember in March during a rainy, gloomy day at the F&G Festival, Epcot was crazy.
Maybe, in the 70s and a part of the 80s, there were more domestic guests as opposed to international guests. Well, WDW caters to the world now, and there are masses of people out there that apparently still find a trip to WDW to be a quality vacation that is affordable. This strategy will continue to be employed. And if guest dissatisfaction feedback that WDW receives speaks to insane crowd levels, what a better way (for Disney) to maintain park income than to constantly increase prices on park passes, food and merchandise, while watching crowd levels slowly diminish for certain income families. WDW will never say that because guests are complaining about crowd levels and wait times that we should therefore cap off attendance today at 50,000 (or whatever figure you want). Instead, let's continue to raise prices everywhere, until our net income has increased while crowds level off a bit. Less people means less trash, less staffing requirements, etc., as long as we continue to reach our financial goals we will continue on our path. And this will happen again next year, and people will continue to complain, etc., etc.
To be clear, I am not pretending that this is the morally right approach, nor am I saying that Walt would have been ok with this. Because Walt is not alive in this day and age, however, I do not believe that anyone has any idea as to what he would have truly done concerning pricing in the modern world. Also, I am always curious of how others that complain about cost would react from a business perspective if they ran one of the most well-known and popular companies in the world where people continued to spend their money no matter what they were charged. Altruism is easy to speak to when you are not running a multi-billion dollar corporation. They also won't de-value their product with the competition in the area. UNI might be more cost effective right now for Orlando bound vacationers, but that is only because they can't currently offer as much. If UNI had 4 parks, 2 water parks, 20+ resorts with golfing, etc., I would imagine that their prices would be no different (with the exception of their onsite resorts since UNI doesn't own them).