Post-scarcity economy | Wikipedia audio article
Channel: wikipedia tts
Date: 04/10/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Post-scarcity_economy


00:01:46 1 Models
00:01:55 1.1 Speculative technology
00:05:00 1.2 Digital abundance
00:05:44 1.3 Marxism
00:08:08 1.3.1 Fully automated luxury communism
00:08:39 1.4 Natural law resource based economy
00:10:09 2 Fiction



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SUMMARY
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Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for all goods and services, but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.In the paper "The Post-Scarcity World of 2050–2075" the authors assert that we are currently living an age of scarcity resulting from negligent behavior (as regards the future) of the 19th and 20th centuries. The period between 1975 and 2005 was characterized by relative abundance of resources (oil, water, energy, food, credit, among others) which boosted industrialization and development in the Western economies. An increased demand of resources combined with a rising population led to resource exhaustion. In part, the ideas developed about post-scarcity are motivated by analyses that posit that capitalism leverages scarcity.
One of the main traces of the scarcity periods is the increase and fluctuation of prices. To deal with that situation, advances in technology come into play, driving an efficient use of resources to a certain extent that costs will be considerably reduced (almost everything will be free). Consequently, the authors claim that the period between 2050 and 2075 will be a post-scarcity age in which scarcity will no longer exist.An ideological contrast to the post-scarcity economy is formed by the concept of a steady-state economy.