← Back to context

Comment by kjkjadksj

9 months ago

The idea of abundance vs scarecety makes sense on the outset. But I have to wonder where all this alleged abundance is hiding. Sometimes the assumptions feel a bit like “drill baby drill” to me without figures and projections behind it. One would think if there was much untapped capacity in resources today it would get used up. We can look at how agriculture yields improved over the 19th century and see how that lead to higher populations but also less land under the plow and fewer hands working that land, vs having an equal land under plow and I don’t know dumping the excess yield someplace where it isn’t participating in the market?

I think to the parent's point it is as you say: there is already untapped capacity that isn't being used due to (geo)political forces maintaining the scarcity side of the argument. Using your agriculture example, a simple Google search will yield plenty of examples going back more than a decade of food sitting/rotting in warehouses/ports due to red tape and bureaucracy. So, we already can/do produce enough food to feed _everyone_ (abundance) but cannot get out of our own way to do so due to a number of human factors like greed or politics (scarcity).