First, it’s important to note that my “failure” doesn’t change the fact that linvoids aren’t rivalrous). In other words, my “failure” has absolutely no bearing on the validity of my verdict.
Second, markets don’t mean that every Easter Egg (EE) will be spotted. With markets you have a lot more people participating in the search process so it increases the chances that an EE will be found. Plus, finders reap the rewards of finding EEs… so there’s more incentive to find them. My point is that just because nobody has spotted an EE doesn’t mean that it doesn’t exist.
Thirdly, it’s not necessarily clear how back in the day a movie producer would have been able to charge more for a superior product. Perhaps in a big city like Los Angeles you could have filled a theater with people willing to pay $1500 for the opportunity to see a smarter movie? Right now people are willing to pay around $5000 for the opportunity to attend TED talks. There’s no reason that the contents of TED talks can’t be served in a movie format.
Fourthly, if we did shift linvoids over to the public sector and give taxpayers the freedom to choose where their taxes go… taxes wouldn’t be paying for the opportunity to consume the linvoid… they would be paying for the production of the linvoid.
With the current system, we buy a movie if it’s worth it to do so. It’s binary.… yes or no. A DVD either is, or it isn’t, worth $15. In reality though… there’s a continuum of valuations that range from $0.00 all the way to thousands of dollars. A pricing system only captures the tip of the tip of this iceberg. A pragmatarian system would capture the entire iceberg. If a movie is only worth $1 to you… then that’s how much you could allocate to it. If its worth $1000 to me… then that’s how much I’d allocate to it. As a result, the supply would far more accurately reflect demand.
First, it’s important to note that my “failure” doesn’t change the fact that linvoids aren’t rivalrous). In other words, my “failure” has absolutely no bearing on the validity of my verdict.
Second, markets don’t mean that every Easter Egg (EE) will be spotted. With markets you have a lot more people participating in the search process so it increases the chances that an EE will be found. Plus, finders reap the rewards of finding EEs… so there’s more incentive to find them. My point is that just because nobody has spotted an EE doesn’t mean that it doesn’t exist.
Thirdly, it’s not necessarily clear how back in the day a movie producer would have been able to charge more for a superior product. Perhaps in a big city like Los Angeles you could have filled a theater with people willing to pay $1500 for the opportunity to see a smarter movie? Right now people are willing to pay around $5000 for the opportunity to attend TED talks. There’s no reason that the contents of TED talks can’t be served in a movie format.
Fourthly, if we did shift linvoids over to the public sector and give taxpayers the freedom to choose where their taxes go… taxes wouldn’t be paying for the opportunity to consume the linvoid… they would be paying for the production of the linvoid.
With the current system, we buy a movie if it’s worth it to do so. It’s binary.… yes or no. A DVD either is, or it isn’t, worth $15. In reality though… there’s a continuum of valuations that range from $0.00 all the way to thousands of dollars. A pricing system only captures the tip of the tip of this iceberg. A pragmatarian system would capture the entire iceberg. If a movie is only worth $1 to you… then that’s how much you could allocate to it. If its worth $1000 to me… then that’s how much I’d allocate to it. As a result, the supply would far more accurately reflect demand.