No, not really. If you set the camera up correctly, and get everything right when you take the shot, there shouldn't be any need for post processing at all. Unfortunately most of us can't guarantee to do this consistently, and post processing gives us another bite at the cherry, within limits.
In the words of Jim Royle, "My ar$e.."
http://blog.chasejarvis.com/blog/2009/11/purists-beware.html
Avedon's instructions to his printer for retouching an image...
Taking the shot is just part of the process.
Even Ansel Adams is known for his darkroom techniques and manipulating the exposure zones. Expose for the shadows, develop for the highlights sound familiar??
JPEG is letting the camera do the developing, it makes a RAW from the sensor data, processes it then just spit out the jpeg to your card discarding the RAW data on the way, it makes a whole bunch of assumptions based on maths and not your creative desires, then spits out a file at the end.
The RAW file, just like the Negative from our film days, gives you much greater latitude when it comes to the post production.
In very simple analogies
Working with RAW is like developing your own film, then creating the print yourself, you control the entire process.
Creating a Jpeg is like sending the film off to quick print and hoping for the best. Once you've pressed the button there's not a lot else you can do.
