Delete comment from: Captain Capitalism
Cappy said:
"Post Scarcity" is basically a utopian ideal of economists. It means everything is free because things are no longer scarce. Matter of fact the entire study of economics would be unnecessary in a world where resources were unlimitedly plentiful and not scarce."
Sorry Cap, your basic premise is flawed.
A "post-scarcity" economy is one in which all of the requirements for a human's basic physical needs are met by that humans capability to manufacturer them for his/her self.
This immediately leads to widespread hyperventilation about the "end of money" and forays into the whys and wherefores of how "it can't possibly work because ..."
Your taken-to-the-extreme example of humans transacting in interpersonal exchange is one of the basic assumptions inherent to the post-scarcity meme, though usually in the form of intellectual entertainment/information instead of sexual (though that seems as likely as the other to be honest). I'm hardly an Economic Lieutenant, but some of my early thinking on this can be read here.
Nov 7, 2013, 9:06:26 PM
Posted to Why Post-Scarcity Economics is Scary