Quote:
Originally Posted by DanaC
What's really peculiar to my mind about the way our culture relates to the economy, is that we usually pay more for luxuries than we do for necessities. Cetainly in terms of the way we pay wages. A doctor is a necessity for the country, a footballer is not. Who do we pay more?
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Supply and demand again. There are only a handful of top footballers who entertain hundreds of millions, and the same handful of top docs can only treat a limited number of patients a day. The footballer who is not entertaining is paid less than the average doc. I can't find the inequity.
In effect in a free market, the decision of what makes life meaningful and important is made by everyone, and not by a cultured few. It is what is right for them, and it's not your business to question it. In fact one might note that if you consider it your business to reform others' choices they will be less interested in having you lead them. Thus your control becomes a matter of force.
We might next ask which cultures produce the best doctors and the most medical cures. Which ones have the most Nobel prizes for medicine?
Here's the list. Do the winners come from the countries where they centrally plan what people are paid? Wow, Not At All! For the most part they come from countries that produce highly-paid footballers. Maybe there is something to this freedom to choose deal eh?