Not only has capitalism failed to bring us to the brink of a scarcity-free world, but in a sense, you could say that capitalism invented scarcity - at least as a deliberate method of economic organization.... The flipside of this bounty, this endless feast, is scarcity.
About this quote
- What does it mean?
- Capitalism creates artificial scarcity despite producing abundance.
- In plain terms
- The system invents lack even when there is enough for everyone.
- What can you take from it?
- Recognize artificial scarcity in market systems.
Where it applies
Putting it to work
Questions to consider
- How does scarcity benefit economic organizers?
- What resources are artificially limited?
Another view
True scarcity exists due to resource limits regardless of systems.
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