Abundance: Difference between revisions
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Abundance can occur when [[Competition]] is perfect. | Abundance can occur when [[Competition]] is perfect. | ||
[[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]] and has access to [[Virtual Sources]] for the production they need. | ||
But abundance through perfect competition would also cause [[Profit]] to be zero because owners could not hold [[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 16:56, 22 February 2008
Discussion
Abundance vs. Scarcity
For an extensive discussion, see the page Abundance vs. Scarcity
Abundance in User Ownership theory
Patrick Anderson:
"Abundance means plenty for everyone.
Abundance can occur when Competition is perfect.
Competition is perfected by insuring every Consumer owns enough Physical Sources and has access to Virtual 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."