This article originally came to me as an idea about how to simply distinguish the differences between property/trade/currency vs. non-property/trade/currency based economic systems – being that the former manufactures scarcity, while the latter removes it ( where possible ). Which in turn was inspired by a debate on social media about whether or not the world is over populated, what we mean by that, and how/why we justify such a statement.
It then occurred to me that for people to understand these issues, they must first understand what scarcity is, and how it occurs – ironically, the people who understand this the least are often the ones who should understand it the best ( economists ), and yet it’s quite apparent that many of them haven’t a clue. The reason for that being, scarcity is an ecological issue, but not an economic one within the confines of the capitalist economic paradigm ( though it should be ).
So let’s start at the beginning and look at what scarcity actually is.
Continue reading “5 elements of systemic scarcity: objectives, process, resources, temporal, and spatial”
