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Tech Is Too Cheap to Meter: It's Time to Manage for Abundance, Not Scarcity
The underlying products can be free to almost everybody because the underlying costs are asymptotically approaching zero.
http://www.thefreedictionary.com/asymptotically
A line whose distance to a given curve tends to zero. An asymptote may or may not intersect its associated curve
Joe’s Law:
Power produced into a state of over-supply (abundance) reduces the price of power while purchasing power increases because power reduces the cost of production (asymptotically).
Question:
Who defines economy as "Choice under scarcity"
Answer:
Not me.
Economy is the science of producing more than consumption. I think the "choice under scarcity" definition is false on purpose and false from the "capitalist" doctrine which can be traced back to at least Carl Menger who wrote:
“every individual will attempt to secure his own requirements as completely as possible to the exclusion of others.” Carl Menger (1840 -1921)
To falsify the meaning of economy in this manner, it seems to me, is akin to falsifying Darwinism to mean "the survival of the fittest" as the same thing as "Kill or be killed"; when the true meaning is that the "fittest" are the ones best able to cooperate voluntarily, to reproduce, to nurture, to produce more than consumption.
See this?
The obsession with "saving" and "interest rates must be high" etc. is part of the capitalist dogma that fails to see the truth of economy (to produce more than consumption).
If you listen to the video in the link at the top of the page you can begin to see Joe's Law as a more accurate perspective on economy. Abundance is the natural result of economy, not a managed scarcity.
A managed scarcity can be exemplified with typical capitalist dogma. For example: a price can be increased when production is throttled down to cause the product to be scarce on purpose. That is a natural result of capitalist dogma, to make things scarce on purpose, to manage scarcity on purpose, for profit. The sick part of this false dogma is its inherent short term gains at the expense of long term benefits; particularly when capitalist dogma is employed in the production of power, into a state of scarcity, such as the production of oil, for one example, or food, for another example, so as to profit by that managed scarcity as that managed scarcity increases demand and increases profits where wealth flows from the those who need oil and food to those who manage that scarcity with their capitalist methods of false dogma.
Words are not deeds, don't blame me for scarce food supplies and scarce power supplies, I'm the guy who found Joe's Law - remember?
Power produced into a state of oversupply (abundance) reduces the price of power (asymptotically) while purchasing power (money purchasing power) increases because power reduces the cost of production (asymptotically).
Last edited on Tue Jun 23rd, 2009 12:20 pm by Joe Kelley