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by fnordpiglet
917 days ago
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Yes, but that’s the beauty of industrialization. As scales grow, manual skilled processes become automated. I’m not asserting todays mRNA based on a sequence of a single virus genome is comparable - but that the process of industrializing as a skill is in fact a skill in an enterprise that once perfected can be applied to more complex domains. The profit motive is reflected more in terms of keeping high revenue producing processes inefficient to justify higher profits with the same margin. Medicine is replete with examples of processes that can be dramatically more efficient and widely available, but are not optimized because it reduces profits by reducing gross revenues. High margins invite scrutiny, high revenues invite investment. |
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It is similar to the California energy market, where electric providers are fixed, and rates are set by the sate on a cost plus basis. It should be no surprise that electricity production costs are multiple times higher than other states if manufacturer profit is capped at 8%.