the cost of production is irrelevant to the consumer. What's the cost of production for a vente capuccino? I rest my case. The Starbucks customer is paying for a treat, a lift, a status symbol, or a place to work. The caffeine is part of the product but only part.
On Fri, Sep 4, 2009 at 10:36 AM, Gruss Gott <[email protected]> wrote: > > > Scott wrote: > > I'd like to think that even someone who gets his news from Comedy > > Central can see the subtle, yet important, differences there. > > > > Well only you know if you understand a market economy, but your > "distinction" isn't quite right because it ignores the market. > > In other words, if you want to buy dinner at a restaurant the market > has provided everything from McDonalds to Charlie Trotters. > > YOU - if you're an rational informed actor - decide what the *meal* is > *worth* to YOU. > > The key is that the meal is priced by the market via its packaged > *value* to you. > > In other words, you're not paying the cost of production, or an hourly > rate. > > If you were, the restaurateur would have little incentive to be > efficient since you're footing the bill for inefficiency. > > The goofy thing with healthcare is that the patient footing the bill > for inefficiency BUT THROUGH INSURANCE! > > So not only does the patient not know the value, but they also don't > know cost of production. > > In that way the current healthcare system is the absolute worst > possible system that could exist. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:303530 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
