Article

Economics 101: Money Creates the Illusion of Scarcity

Topic: Charity, Nonprofits and VolunteeringPublished August 12, 2009

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I remember something from my community college economics class that economy had something to do with scarcity. All along I've been reading post after post about how to get what we want because all we need is available in abundance. Seems to me we need to abolish the monetary system. What good is money if all we ever need is available in abundant supply? Money creates the illusion of scarcity. If we abolish money, what do we do about fear and greed? Has anyone been to a buffet lately? Ever see how high the plates get piled when a fresh batch of crab legs come out? Where's the sense of sharing? We've been too well trained in the theory of scarcity to believe that all we need is abundantly available. If that weren't true, who would make money selling books on how to get rich? Insecurity begat scarcity, and the accumulation of wealth. Those who have accumulated the most wealth are the least secure. The accumulation of weath by a few has bankrupted many. Sporting venues were created by the holders of wealth to distract the suppliers of labor and goods from their meager lives. Today we pay atheletes billions of dollars to perform a useless task. There is no value in paying to see an athelete perform. It's only a distraction. We pay actors billions of dollars to tell us stories that do not lift the spirit or inpsire us. With very few exceptions, entertainment is turning us against ourselves. Creative colaboration will be stunted as long as there are borders. All borders need to be abolished. Without borders and money, we would be free to pursue our highest aspirations. Borders and money cause war and conflict. One day, when we figure out that scarcity is an illusion, the borders and the money will just disappear. Peace and freedom Phillip

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