4 ms·
> There simply is not a static pool of resources. Economists and rich people indeed think in terms of scarce resources. Any economics book will tell you that i
by coliveira 1y ago
> There simply is not a static pool of resources.
Economists and rich people indeed think in terms of scarce resources. Any economics book will tell you that it is about managing scarce resources. Rich people will never allow for example the government to give increasingly more money and resources to lower income people, because they fear there's note enough for them. They don't believe in abundance for everyone.
- nonethewiser 1y agoScarce yes. Static, no.
- coliveira 1y agoIf it's not static and it grows, then it cannot be scarce, unless you have a group that is always taking more of existing resources.
- nonethewiser 1y ago>If it's not static and it grows, then it cannot be scarce Elaborate? Scarcity means demand for the resources exceeds the available supply. There is essentially unlimited human wants and only finite resources. The resource quantity can grow but it will never meet demand. Even if all growth goes to the people with less resources, the resources will still be scarce.