Achieving Post-Scarcity

One step closer to the future

Comments are moderated. It may take a few minutes before your comment appears.
Markdown is supported in your comments.

Probably the single greatest source of damage has been due to economists. The most basic tenet of Econ101 is that profit must always be maximized. With perfect information on the market, economists can point to a supply-demand curve and say "This is what you should charge people to get filthy rich. If you don't charge this, you are crazy." Set your price lower and you are leaving easy money in the consumers' pockets. This is called economic surplus and is (according to economists) a bad thing. In a post-scarcity economy, surplus is the whole point. Everything is surplus, everything is affordable to all people. This is simply not compatible with setting prices as high as the market will bear. Maximizing profit places a drain on society that hurts everybody.

Mail: (not shown)

Please type this: