Yet another example of the tension between scarcity and abundance.
Our economy is based on scarcity. Which means that anything abundant tend to see its price driven down to zero. Making a living by selling such goods as if they were scarce is increasingly difficult. Donations seems to work somewhat, though.
If everything (including food and housing) were abundant, we wouldn't even need money, and making a living out of music, photography, or software wouldn't even be discussed of. But we don't live in that world…
…Yet. The way things are evolving, more and more goods have the potential to be effectively abundant. Especially those who have bounded demand, like food (if I recall correctly, there is already more than enough food to feed the planet, if only it where correctly distributed). Work is being more and more automated, such that even human labour can eventually be made abundant (an especially vivid example is self-driving cars, which can bring down an entire profession). But scarcity isn't going anywhere, so we'd better prepare for a rather long transition.
I see several forms that transition could take. (i) More unemployment, more economic problems, more people starve and freeze despite the availability of food and housing. (ii) Reduction of the hours worked per week, while keeping the salaries up. (iii) Growth of actual wealth (Not of the GDP). (iv) artificial scarcity, driven by old corporation and institutions that just won't die.
I'd like to avoid (i) and (iv), but I'm afraid we already have evidence for them right now (especially (iv), see copyright and patents). I'd like to have (ii), but I'm not aware of any reliable metric about it. The last decades clearly demonstrate (iii), but I'm not sure we have as much as we could have.
Anyway, I'm not satisfied right now: abundance and scarcity clearly don't play well together. If someone has an idea about how we could make them, that could be terrific.
Our economy is based on scarcity. Which means that anything abundant tend to see its price driven down to zero. Making a living by selling such goods as if they were scarce is increasingly difficult. Donations seems to work somewhat, though.
If everything (including food and housing) were abundant, we wouldn't even need money, and making a living out of music, photography, or software wouldn't even be discussed of. But we don't live in that world…
…Yet. The way things are evolving, more and more goods have the potential to be effectively abundant. Especially those who have bounded demand, like food (if I recall correctly, there is already more than enough food to feed the planet, if only it where correctly distributed). Work is being more and more automated, such that even human labour can eventually be made abundant (an especially vivid example is self-driving cars, which can bring down an entire profession). But scarcity isn't going anywhere, so we'd better prepare for a rather long transition.
I see several forms that transition could take. (i) More unemployment, more economic problems, more people starve and freeze despite the availability of food and housing. (ii) Reduction of the hours worked per week, while keeping the salaries up. (iii) Growth of actual wealth (Not of the GDP). (iv) artificial scarcity, driven by old corporation and institutions that just won't die.
I'd like to avoid (i) and (iv), but I'm afraid we already have evidence for them right now (especially (iv), see copyright and patents). I'd like to have (ii), but I'm not aware of any reliable metric about it. The last decades clearly demonstrate (iii), but I'm not sure we have as much as we could have.
Anyway, I'm not satisfied right now: abundance and scarcity clearly don't play well together. If someone has an idea about how we could make them, that could be terrific.