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Re: FW: [cdn-nucl-l] Alice in Wonderland California/Disneyland?
I said nothing about a commodity being priced "commensurately with its cost."
Commodities are priced commensurately with their VALUE, a considerably
For example, though it might be extremely expensive to try to grow oranges in
Buffalo, a free market would not award a grower in that city a price any
higher than what would be awarded one in my hometown of Pembroke Pines,
Florida. The product from Florida could cost almost nothing (we used to give
away the fruit from our trees all the time) but it would probably taste
better and have more juice than one grown under a lamp in Buffalo.
BTW, as a proponent of nuclear power, I would hate to have to sell my product
at a price based on my cost in a market where my competitors were getting 5
or 10 times as much simply because they chose to use a higher cost technology.
In a message dated 1/4/01 2:13:27 PM Eastern Standard Time, email@example.com
> I was not defending centrally planned economies, and I know their track
> And of course a commodity has to be priced commensurately with its cost.
> My point was simply that a publicly owned enterprise can in principle be
> just as efficient as a private enterprise. It depends on its management's
> skills. Both kinds of enterpises can have effective or inept management.