| |
Post-scarcity is an economy where the things that people need and value can be provided without labor. This implies that material inputs are also abundant possibly due to a circular economy whereby all things are reused and recycled. A post-scarcity economy has several implications:
WealthPeople wouldn't need to store wealth for retirement. It is possible that property rights would be irreverent and/or non-existent.LaborHuman labor might be redirected into education, artistic pursuits or to game-based competition such as sport and video games.EnvironmentPost-scarcity implies that environmental problems are resolved as the environment is a scare resource. It is possible that a post-scarcity society would choose to build vast nature reserves.
Space Post-scarcity could potentially enable or result from exploration and colonization of space on a vast scale.Wants & NeedsPost-scarcity could occur due to a change in the things that people value. Current ideas about possessions might seem absurd to people in a post-scarcity society. Virtual EnvironmentsPost-scarcity could occur if many of the things that people value are in virtual worlds where they can be replicated without constraints. For example, physical property on a popular beach will always be constrained but virtual property on a popular virtual beach can be replicated to meet demand.|
Type | Economics | Definition | An economy where the things that people need and value can be provided without labor. | Status | Theoretical | Related Concepts | | Next: Fourth Industrial Revolution
Future Economics
This is the complete list of articles we have written about future economics.
If you enjoyed this page, please consider bookmarking Simplicable.
An overview of the Fourth Industrial Revolution.
The definition of economic change with examples.
The definition of progress with examples.
The definition of abundance with examples.
The Fermi Paradox explained.
A list of existing, proposed and hypothetical spacecraft.
An overview of piggybacks in transportation.
The common types of orbit.
An overview of the speed of light with examples.
An overview of the space industry with examples.
The definition of inertia with examples.
An overview of the common wavelengths of the electromagnetic spectrum.
A list of the branches of physics.
A list of astronomical objects and phenomenon.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2024 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|