The Scarcity Pandemic

[Cryptomultiplier]

It's not a pandemic I guess, it's the normal law of scarcity. Limited supply and high demand > high prices. Maybe it will be at the expense of other needs that a person can achieve just to get 1 need (or just a want) because they have to work harder and save money to the extreme at the same time.

It's an era of structural scarcity from the way I see it because, the old models are failing and if governments refuses to adapt to rising demands of the population, frustration will be the order of the day.

These days in order to evade the structural scarcity situation, individuals must avoid looking up only to the government to remedy them and think out new ways to help themselves as the focus becomes more about individual discipline, proper financial management, compulsory optimization, and low but selective time preference to survive and thrive.

[Hamza2424]

Even in this forum, some of the previledges and abundance that might have existed in the past is long gone and almost everything is getting scarce.

are we psychologically prepared for this era where resources across board are no longer in abundant and our global population is growing fast?

I used to think like this after watching a survival movie in which a pandemic would make the living conditions of people very difficult and they faced all the problems you have already mentioned in your points haha. Well living the movie in reality can be so hard than we can imagine, but unfortunately we are already living it but in a less aggressive way, the way where the difficulty mode is set to lower settings for now but with time as you defined, it is increasing.

You are right about everything, our actions will have consequences for the next generations. The political leaders are taking loans and corrupting the resources for their own good and a long time will pass when this generation will be gone and the next generation will be the one facing the consequences and they will be forced to take decisions that will affect them greatly.

[Crypto_Timothy]

are we psychologically prepared for this era where resources across board are no longer in abundant and our global population is growing fast?

I think part of the issue is that we sometimes romanticize the past, so while many things were indeed cheaper, wages were lower, opportunities were more limited in some sectors and then access to information was nowhere near what it is today. What has changed significantly is the level of competition. More people now are chasing the same houses, jobs and resources, so the scarcity feels much more visible than it did before.
As for whether we're psychologically prepared, I would say not entirely, like alot of persons still operate with the mindset that opportunities will always be plentiful and that economic growth alone will solve most problems. So the reality is that a growing population and finite resources mean individuals, businesses and governments will need to become more efficient, adaptable and strategic than ever before.