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I'm sorry, I don't understand how any of this responds to my questions. I didn't ask about monopolies, I didn't ask why artificial scarcity exists, I didn't ask
by preseinger 5y ago
I'm sorry, I don't understand how any of this responds to my questions. I didn't ask about monopolies, I didn't ask why artificial scarcity exists, I didn't ask about intellectual property.
- ItsMonkk 5y agoYou asked how to have an economy without scarcity. There will always be certain things, like natural resources, that are scarce. You can not make more land. Those things will always have scarcity. There are other things that have zero marginal costs, and can indeed eliminate scarcity. But if you eliminate scarcity on those items, there becomes no incentive to create new things, as the natural price of anything with infinite supply is zero. The creation of new digital items needs to be balanced with the very real scarcity of natural resources. The essence of your question is - how do we reward the creation of things if we can not restrict the use of it? And so we need to find a way to figure out the value of infinite supply items.