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Scarcity or abundance


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Scarcity or Abundance?

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Scarcity or abundance

  1. 1. 2012Best year in historyBest year in history Less Hunger Less Disease More Prosperity
  2. 2. How does the media make money? make money?Sells you to advertisers Fear gets attention No context
  3. 3. Julian Simon (1932-1998) The Ultimate ResourceThe ultimate resource is people–especially skilled, spirited,and hopeful young people endowed with liberty–who willexert their wills and imaginations for their own benefit, andso inevitably they will benefit the rest of us as well.” — TheState of Humanity (1995)This is my long-run forecast in brief: the materialconditions of life will continue to get better for mostpeople, in most countries, most of the time, indefinitely.Within a century or two, all nations and most of humanitywill be at or above today’s Western living standards.“I also speculate, however, that many people will continueto think and say that the conditions of life aregetting worse.”
  4. 4. Life Expectancy Fact Theory
  5. 5. Price of Raw Resources Theory Fact
  6. 6. Think Utility notPhysical QuantityPhysical QuantityPhysical Quantity
  7. 7. Drill or Holes?
  8. 8. Do the 88 keys limitthe numberof potential songs?
  9. 9. High Prices Use LessInnovate a SubstituteInnovate a SubstituteInnovate a Substitute
  10. 10. Ideas make things valuable Only humans have ideas Therefore, only humans make things valuable Therefore, only humans make things valuable Therefore, only humans