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View Diary: An Economy cannot be based on CONSUMPTION (285 comments)

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  •  Say WHAT? Healthcare not value added??? (0+ / 0-)

    You mean, you'd rather buy a big screen TV than fix your heart blockage that's about to kill you? Of course healthcare is value added. People pay dearly for healthcare. If people are willing to pay for it, then it is something of value. If you provide something of value, then you are a value-adder.

    The point about lower standard of living is also bunk.  If healthcare allows somebody to keep their asthma or diabetes in check such that they could lead an active life- I would say healthcare is improving their standard of living.  What good is a Mercedes Benz and an XBox if you are too sick to get out of bed?

    •  Re (0+ / 0-)

      You would rather not have the heart blockage at all. The heart blockage represents an economic loss. The heart blockage prevents you from spending money on things you want to buy.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Thu Sep 29, 2011 at 06:14:44 PM PDT

      [ Parent ]

      •  So if it's something you need instead of want (0+ / 0-)

        then it doesn't count as value-added? Is that your point? We need food and shelter. So food and shelter are not value added products now? How did you come by this arbitrary distinction?

        BTW, the legions of doctors and dentists catering to foreign patients in Thailand and India tell you you are flat out wrong. These people are making lots of money catering to medical tourists. They provide a service, loads of americans are flocking there to pay for that service. Sounds like Value added to me.

        Of course, our billion dollar pharmaceutical industry tells you you are wrong also. Big Pharma is raking in dough year after year. No value added? Says who?

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