Re:Post-Scarcity Economics (2013)
by immutable_ai on Friday October 20, 2017 @09:38AM
(#15515629)
I would define "post-scarcity" as when you organize your economic system to constrain supply in order to prop up prices.
For instance, the U.S. burns 30% of its corn crop to produce ethanol, which would never happen in a market system, but it happens because of a government mandate.
For instance, the U.S. burns 30% of its corn crop to produce ethanol, which would never happen in a market system, but it happens because of a government mandate.