Abundance: Difference between revisions
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[[Competition]] is perfected by insuring every [[Consumer]] owns enough [[Physical Sources]] for the production they need. | [[Competition]] is perfected by insuring every [[Consumer]] owns enough [[Physical Sources]] for the production they need. | ||
But abundance through perfect competition would also cause [[Profit]] to be zero because [[Price]] | But abundance through perfect competition would also cause [[Profit]] to be zero because owners could not hold [[Price]] above [[Cost]]. | ||
So, a [[Mode Of Production]] that assumes or requires [[Profit]] cannot endure abundance, for as the society as a whole approaches success, the owners of the productive organizations that depend upon profit approach failure. | So, a [[Mode Of Production]] that assumes or requires [[Profit]] cannot endure abundance, for as the society as a whole approaches success, the owners of the productive organizations that depend upon profit approach failure. | ||
Revision as of 02:01, 13 February 2008
Abundance means plenty for everyone.
Abundance can occur when Competition is perfect.
Competition is perfected by insuring every Consumer owns enough Physical Sources for the production they need.
But abundance through perfect competition would also cause Profit to be zero because owners could not hold Price above Cost.
So, a Mode Of Production that assumes or requires Profit cannot endure abundance, for as the society as a whole approaches success, the owners of the productive organizations that depend upon profit approach failure.