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Madhava Turumella's blog
Saturday, 29 May 2010
Alternative economic models
Mood:  chatty
Topic: As I think
 
I find this site very interesting. I think the concept is worth investing our time :-
 
 
 
 
 
 

Both Capitalism and Communism are economic models based on scarcity, technological advancements generate efficiency which leads to an abundance of goods that is regulated economically by marking up prices around a minimum wage to generate a false sense of scarcity. As robots reach commercial viability and technology reaches a point of super efficiency the only actual scarcity left will be the natural scarcity of land, raw materials, and energy. Under these conditions an alternate economic model could be applied that focuses on preserving these resources and further maximizing our returns. ---
 
 
 
 
 
 
 
 

Posted by madhava at 3:07 PM BST
Updated: Saturday, 29 May 2010 3:08 PM BST

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