About abundance

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source

source 01 [from the Quran]

source 02 [Economics:Post Scarcity Economics]

overview

… surat al-kawthar ("abundance") is the 108th sura of the qur'an, and the shortest …

… al Kawthar - used to describe anything in a lot of; quality, quantity, and it is very valuable that you have to guard it …

… where kawthar can only refer to good things. (kawthar is mutakhassas - specific, to good only) …

… [contemporary] economics is “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”, lionel robbins …

the scarcity model

… scarcity is the fundamental economic assumption of having seemingly unlimited human needs and wants in a world of limited resources …

… it states that society has insufficient productive resources to fulfill all human wants and need …

… alternatively, scarcity implies that not all of society's goals can be pursued at the same time …

… trade-offs are made of one good against others …

… as such, the term "post-scarcity economics" may be somewhat paradoxical …

technocracy and humanism, john a. waring

… economics in any and all forms rests on the assumption of conditions of natural or artificially enforced scarcity, far less than enough to supply everyone …

… the study of economics and its everyday business control and transactions tells you how each variation of the price system makes an ideology of how to divide up that scarcity …

… you will find economics defined in terms of scarcity in every textbook on the subject …

… usually in the opening chapter …

… without scarcity, some of them candidly admit, there would be no need for economics …

in marxist economic

… scarcity is said to be peripheral …

… human wants in practice are not assumed to be infinite …

… but variable and ultimately conditioned …

… scarcity, instead, is secondary to the issue of differential distribution within a society due to class …

… primarily between a producing class eg slaves, peasants, the proletariat, and …

… a surplus-taking class eg slave owners, lords, the bourgeoisie …

… leon trotsky considered development of a post-scarcity economy necessary to "uproot class society …

… and to free women and youth from the stultifying confines of the institution of the family …

abundance economics - post scarcity economics

… post-scarcity is an alternative form of economics or social engineering in which goods, services and information are universally accessible …

… this would require a sophisticated system of resource recycling …

… in conjunction with technologically advanced automated systems capable of converting raw materials into finished goods …

means - speculative technologies

… most visions of post-scarcity societies assume the existence of new technologies …

… which make it much easier for society to produce nearly all goods in great abundance, given raw materials and energy …

economic paradigm

… market economies or planned economies may be unnecessary in a post-scarcity age …

… though gift or exchange economies may take their place once the scarcity driving earlier types of economy disappears …

… post-scarcity societies might also have their market economies limited to the exchange of energy and resources …

… or of other scarce or even non-material things, such as status or reputation), real estate, or skills and expertise …

… monetary systems in consequence also cease to be a factor …

unavoidable scarcity

… some things would remain limited in supply even in a post-scarcity society …

… there is a practical limit to the number of people who can live in any specific, 'in-demand' locale …

… should immersive virtual reality develop to simulate reality so accurately that one could not distinguish it from the physical world …

… the amount of available virtual space would be vastly increased …

… since one need not simulate the world to a quantum level to make it appear completely real …

… a simulated reality which appears completely real to a user could be simulated on a computer much smaller than the simulated space …

… population growth, if it continued long enough, would also lead to unavoidable scarcity …

… as pointed out by thomas robert malthus, paul r. ehrlich, albert allen bartlett, and others, exponential growth in human population has the capacity to overwhelm any finite supply of resources …

… for example, if the human population continued to grow indefinitely at its 1994 rate, in 1,900 years the mass of the human population would equal the mass of earth, and in 6,000 years the mass of the human population would equal the estimated mass of the observable universe …

… so a plausible post-scarcity scenario must imply zero population growth or relatively low population growth …

… at present, the total fertility rate is high in poor countries with poor health infrastructure …

… but it tends to drop to replacement levels or lower once a nation reaches a per capita income of roughly $10,000 …

… in fact, virtually every wealthy oecd nation currently has a total fertility rate that is below replacement levels …

… implying a coming population decline for the west …

… due to the decline in fertility that tends to accompany wealth (of the 233 countries listed by the cia for fertility, 100 have fertility rates below replacement rates …

… human population is expected to stabilize at near 9 billion by 2050 …

… this will likely be caused by demographic transition …