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submitted 11 months ago by [email protected] to c/[email protected]
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[-] [email protected] 21 points 11 months ago

What even is supply and demand

[-] [email protected] 6 points 11 months ago

It's how we make sure we retain poverty as a concept. Obviously valuation of an asteroid is currently pointless, but the idea of eliminating scarcity is more of a political issue than a resource one.

[-] [email protected] 5 points 11 months ago

Yeah really. Look at how the Spanish took so much gold from south America that their economy tanked.

It's impossible to assess the worth of a commodity in terms of its scarcity without the extraplanitary cache added in.

Like the price of very rare baseball card would come down a bit if a couple of thousand of that card where discovered.

this post was submitted on 09 Oct 2023
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