Post
Topic
Board Economics
Re: Scarcity and scale of preference
by
Poker Player
on 21/04/2023, 03:43:36 UTC
I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink

It is not. What the OP expresses is the Malthusian garbage vision, which proved to be wrong and maybe if we wait a long time it will become true, but like someone who predicts that tomorrow it will rain, and when the sun rises he predicts again that it will rain the next day, to do it again and again indefinitely until it finally rains. With 8 billion people and growing it could be that in the end we will have a problem of resources on earth, but when societies become richer population growth moderates and even reverses, so it remains to be seen if we will ever reach that catastrophic scenario. What we know to date is that no, Malthus was wrong, because human creativity and productivity go far beyond his imagination.