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I think you have this backwards, Capitalism loves scarcity. Scarcity is what allows for supply and demand curves and profit-making opportunities, even better if
by dwallin 3y ago
I think you have this backwards, Capitalism loves scarcity. Scarcity is what allows for supply and demand curves and profit-making opportunities, even better if you can control the scarcity. Capitalist entities are constantly attempting to use laws, technology, and market power to add scarcity to places where it didn't previously exist.
- SV_BubbleTime 3y agoI'm pretty sure that lots of things end up being scarce in totalitarian forms of government... food, for one.
- vouaobrasil 3y agoThat is not the whole story. Capitalism likes the following process (if you can say capitalism "loves" anything, which isn't quite right. It's more like the abusers of capitalism love this): 1. Create scarcity, 2. Flood the market to reap short term gains with market-disrupting technology 3. Creat new scarcity by creating new products