SciFrac
WIP me into shape!
Scarcity is not an economic system, it is the nature of our physical universe: Scarcity
There are limited resources to tackle unlimited human needs. There is a finite amount of dry land, oxygen, water, gold, a limited animals can be eaten before they go extinct.etc. Even the division of labor can only achieve so much -- a limited number of doctors are available at any given time.
Economics is study of how humanity can best use our limited resources to maximize its benefit. Even if you handed over all future work to robots, they will break down and require new parts or replacements. Who’s going to do all that work? More robots? The problem becomes regressive. Honestly, I don’t see how any civilization could possibly “end scarcity” without ending human existence.
There are limited resources to tackle unlimited human needs. There is a finite amount of dry land, oxygen, water, gold, a limited animals can be eaten before they go extinct.etc. Even the division of labor can only achieve so much -- a limited number of doctors are available at any given time.
Economics is study of how humanity can best use our limited resources to maximize its benefit. Even if you handed over all future work to robots, they will break down and require new parts or replacements. Who’s going to do all that work? More robots? The problem becomes regressive. Honestly, I don’t see how any civilization could possibly “end scarcity” without ending human existence.