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Reagan Movie Cut
Quote:
Originally posted by sgtclub
They are not contradictory at all, and this comment shows me that you really do have no concept of economics. The market has spoken in that it has decided that this show is not a show that should be broadcast on network television free to television viewers. The market has also decided that this show is appropriate for Showtime, a pay television network. Those that have Showtime will be able to watch. Those that don't have to make an economic decision - is my desire to watch this particular film worth the cost of getting Showtime (or as I suggested, finding someone who has it).
You pull a classic Ty bait and switch again by equating "optimal result" with the majoriy being able to view the film or, as I understand you, "consumer welfare." The market's purpose is not to maximize consumer welfare, though it often times has that effect. The market's purpose is to divide labor (the "invisible hand") on an efficient basis.
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You're right. I'll have to look into this economics stuff that you're talking about -- it sounds fascinating. But so complicated!
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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