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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (329937)3/22/2007 6:26:44 PM
From: TimF  Read Replies (1) of 1577784
 
The only way it could be other than a pipe dream forever, or a disaster, is for the economy to produce so much resources that the reduced incentives and lowered efficiency of communism, combined with the incentive for corruption of whoever is put in charge of what is produced, wouldn't matter much. Or to put it another way if we have so much that many goods and services don't have to be treated as economically scarce items.

Now its easily possible that in the future we could produce more than our wildest dreams of today. That we could have so much total wealth that you might think that the problems of communism would be over come. But demand increases with wealth. We already have more total wealth then our wildest dreams of a century or two ago, but that doesn't mean we are any closer to eliminating scarcity in the economic sense. 100 years ago almost no one had a car. 50 years ago many families had a car. Today many families have a car for each driver. A few hundred years from now we might be dealing with "the family space ship" or something. Additional wealth doesn't eliminate trade offs and scarcity, unless its "wealth" on the scale of anyone can wish for anything they want and it just appears.
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