Abundance: Difference between revisions
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(Plenty for everyone causes Profit to drop to zero because Competition is perfect and Price Above Cost requires real or artificial Scarcity.) |
(Profit requires Poverty) |
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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 [[Price]] cannot be held 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. | |||
Revision as of 01:57, 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 Price cannot be held 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.