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Comment There is no such thing as post-scarcity (Score 1) 563

The problem with post-scarcity economies is that they fail to realize that not everything can be "post-scarce." There will always be things that need to be rationed, and there will need be mechanisms to deal with it.

Front row seats to Taylor Swift are scarce. Manhattan and Tahiti beachfront real estate is scarce. Only one person gets to be President. Being the first person to own that new Fendi bag is scarce.

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