The Scarcity Pandemic

[kingstep]

In the past, most of the things that are scarce at present were available in abundance.
it was easier to get money and with little money you could build your house, hire cheap labor and get enough energy for your household. it was also easier to get credit from government and getting capital to start up a business was not really a big issue compared to now.

it was even easier to buy bitcoin in large sum  because it was cheaper and money was actually flowing well. but now,
we're seeing scarcity return in multiple areas simultaneously.

1. Housing in cities is scarce compared to those looking for it making the cost of rent too high.
2. Energy is not even available in so many part of the world to meet the demands of the digital age that requires constant power supply.
3. Government finances is low and with increase in skilled labour, there is still scarcity of jobs.

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?

[danielkofman53]

In the past, most of the things that are scarce at present were available in abundance.
it was easier to get money and with little money you could build your house, hire cheap labor and get enough energy for your household. it was also easier to get credit from government and getting capital to start up a business was not really a big issue compared to now.

it was even easier to buy bitcoin in large sum  because it was cheaper and money was actually flowing well. but now,
we're seeing scarcity return in multiple areas simultaneously.

1. Housing in cities is scarce compared to those looking for it making the cost of rent too high.
2. Energy is not even available in so many part of the world to meet the demands of the digital age that requires constant power supply.
3. Government finances is low and with increase in skilled labour, there is still scarcity of jobs.

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?

In aggregate, there has never been more resources than at any point in the past. The issue is the distribution, which has increasingingly centralized, one of the upstream root causes of which is the regressive inflation tax, which redistributes purchasing power from money holders (poor people who have higher liquidity needs as a percent of net worth) to money printer recipients (wealthier people who receive revenue outflows from private banks).

Also population growth leads to higher abundance as long as resources are distributed efficiently and those people can produce more than they consume which is the natural state without money printing.

[Spaceman1000$]

In the past, most of the things that are scarce at present were available in abundance.
it was easier to get money and with little money you could build your house, hire cheap labor and get enough energy for your household. it was also easier to get credit from government and getting capital to start up a business was not really a big issue compared to now.

it was even easier to buy bitcoin in large sum  because it was cheaper and money was actually flowing well. but now,
we're seeing scarcity return in multiple areas simultaneously.

1. Housing in cities is scarce compared to those looking for it making the cost of rent too high.
2. Energy is not even available in so many part of the world to meet the demands of the digital age that requires constant power supply.
3. Government finances is low and with increase in skilled labour, there is still scarcity of jobs.

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 feel one of the major issues you've highlighted is the fact that, population growth has skyrocketed, and some government of some countries were not prepared for this population growth and the effect of population growth. This is because population growth will cause high demand, high consumption rates, and these are critical sectors that the government would have expanded its nest to accommodate this present generational demand, if it is to increase The GDP per capital of the citizenry or create other suitable means by subsidizing critical sectors like energy consumption.

Hence a government can meet the demand of her citizens, every other thing becomes secondary. So government was supposed to increase the budgeting for housing scheme as more houses should be built,
Then the energy sector needed to be expanded to accommodate the present day reality, and the government can as well use other means to influence social corporate responsibilities of private firms in a bid to enhance the economic prowess of the citizens.

[cxtreenal]

I often say that people's needs change with time. You have compared the past with the present you say many rare things were available in the past. It would have been more helpful if you had given at least one example.

If you are between 40-45 years of age you are familiar with two different worlds, old system and digital. In the past the population was much smaller than today, there was a lack of information dissemination media, so you could not easily know the socio economic issues of many countries at that time as you can know now. In the past, famines would occur due to lack of food and millions of people would die. Today there are many countries where the number of poor people is very high and they are not able to meet their basic needs.

Compared to the past, the abundance of resources has increased with the increase in population. Information technology is improving, compared to the past, crop production in that land is increasing through modern technology. New discoveries are being made and you can earn money sitting at home by applying your skills. Everything has accelerated but due to the expansion of technology many will lose their jobs and poverty may increase in the future.

[Fortify]

In the past, most of the things that are scarce at present were available in abundance.
it was easier to get money and with little money you could build your house, hire cheap labor and get enough energy for your household. it was also easier to get credit from government and getting capital to start up a business was not really a big issue compared to now.

it was even easier to buy bitcoin in large sum  because it was cheaper and money was actually flowing well. but now,
we're seeing scarcity return in multiple areas simultaneously.

1. Housing in cities is scarce compared to those looking for it making the cost of rent too high.
2. Energy is not even available in so many part of the world to meet the demands of the digital age that requires constant power supply.
3. Government finances is low and with increase in skilled labour, there is still scarcity of jobs.

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?

The world is always changing and never in a fixed state, so you work with the resources that you have around you. Some countries have governments that are able to foster and care for limited resources better than others. You mention energy, but look at places like China or the UK which have developed vast wind farms over the last couple decades which now power millions of homes - this source of energy did not exist at scale not that long ago. You say housing, but did you know places like Japan actually have lots of abandoned housing because of a shrinking population, these are not universal things but some people are just better at managing instead of swarming over resources like locusts and decimating everything.

[Mhizlove]

The challenge is not only scarcity itself but how the people adapt to it. Alot of people grow up with old expectations, so adjusting to higher cost and harder competition is not always easy. This new era can help people that learn how to manage resources better, plan long term and valuable skills. So you see as resources becomes more limited, adaptability and ability to cope with the challenges will become more important than before.

[Anthony Bill]

Some countries that understood the era we are these days, they will allow their citizens to have Bitcoin knowledge. I think that is what will help many countries in the future because governments will do everything possible to ensure every small or big in the countries have knowledgeable on how to invest during hardship or not hardship to make the country grow financially and materially. Even what the US government is trying to do to Iran, I don't think it will be worst like what people experienced from COVID-19 pandemic.

[Joy_learns_crypto]

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

The population is growing very fast that is why many resources are now getting very scares, also cost of housing will continue to increase as the population increases and the value of housing in urban areas will increase more than the rural areas is because people are migrating to the urban areas and causing over flow of population in the urban areas, real estate owners are aware of the housing needs that’s why houses that should have be cheap is now extremely expensive.

[JoyMarsha]

The thing is that nothing remains the same way forever. Times are changing, in the same way that the things we have and don't expect what you bought at a dollar price will remain the same in the years to come without it having a tremendous price increase because of demand.

Bitcoin you mentioned was once worth a dollar in its early stage, and it gradually increased over time. Same way global economy was in good shape many years back, but it went bad because of the increase in the population index of citizens globally and the urbanization of areas that need to be developed. This calls for mega cities of many people living together, demanding goods and services, this can cause scarcity of the demand products

[Coyster]

OP, i am not sure you know what you are talking about and some of you guys exaggerate what the past was like. It has never been so easy to own a house, or start a business, that is not true. I know that inflation has been steadily growing, eating well into peoples purchasing power; but that's not to say we used to live in an utopia before things went bad. The Covid pandemic and the wars around the world have also contributed to the current economic situation and that's the natural implication of such events.

[hafiztalha]

The universal scarcity is not the main issue but the resources are being distributed unevenly as compared to in the past, as housing, jobs are very difficult to access in some places but we are also living in a very advance technological era where the excess to health care, information global connectivity has become very easy. Though number of opportunities were very large in the past but many of the life convenience that are existing today were not present some dacades ago. Doing any business has become easy as you have access to online things less capital is required new industries have created more job opportunities as compared to the previous generations.

We just need to make ourself adoptive to these different economic conditions and growth with the growing world , it is the nature of human history that inventions expand and appears scarce , rather than being worried about this scarcity of the things we should work on improving efficiency and productivity.
And it is not psychological acceptable for the people to accept the rising costs of everything the increasing amount of competition to get a job and economic uncertainty. They have to accept and be efficient with the resource management because whatever that seems scarce today may become more excessible tomorrow.

[programmer3666]

Lately, people work harder than ever before, yet things like housing, quality education, stable electricity and even decent jobs seem harder to get. Take a simple case of housing. Like few years ago, an average worker could save up and build a house over time. Today, even people with good jobs struggle to afford rent, let alone own a home. The same applies to education and healthcare, which have become much more expensive. But I don't think the problem is only scarcity. Population growth, inflation, poor economic policies and unequal distribution of resources also play a big role. There is still wealth in the world, but it seems to be concentrated in fewer hands. Unless those few hands decide to embark on charity or foundations, money never seem to circulate.

[Hazink]

It has been that easy, as you think those who witnessed this era of Genesis should be the ones to tell you how it was. Making money has not always not been easy then little money could be should to purchase something big. That's when that little money is worth something, and it's purchasing power and very high and getting your hand on it can be very hard, if it was that easy everyone could have built one of those olden days fancy house and drive my grandfathers 1890s Benz, 

What we can say was easy back then was, after schooling, those who obtain Western education can easily get a job because the number of educated people is low not now that there are more than available jobs out there.

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.

What are the things you are referring to? As I read, Bitcoin could easily be given out or earning it in large numbers was easy because it holds not as much value as what we have now, and you don't expect the same thing to happen.

[Ndabagi01]

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

These things are bound to happen and if you’ve been very observant of it, you should have been seeing the signs more than a decade ago. You can’t compare the prices of things two decades ago to what it is one decade ago. Subsequently , you can’t compare the price of things a decade ago to what it is today. The world is evolving, so is everything is including the prices of things as inflation hits also. Things may not be the same as it has always been that’s why the government also needs to keep increasing the minimum wage of the people in order to feel not too pressured with the state of economy they can’t cope with. This does not really need you to be psychologically ready for it to the fullest, your body will natural adjust to it.

[Moreno233]

Scarcity is a major pandemic that is ravaging the world at the moment. It is caused by two major factors which are increase in human populations and deliberate actions of some people that wants to control the world. Human populations increase is the most profound reason for the competition we see and the major couse cause of scarcity and there is nothing that can be done about it because it is bound to happen. Humans now compete for things like lands, access to water and even basic things that never mattered before.

[mirakal]

I guess whether we are prepared or not, changes are inevitable. Gone are the golden days where living life is simple, now it carries a lot of risk, even our daily survival also comes with risk. If you fail to navigate your life well, everything will suck, your life will get doomed.

Now we are facing with high scarcity, like everyone is hopeless to regain abundance. And as technology advanced, the more that we get to expose that scarcity is the new normal, and we have to embrace this whole heartedly, otherwise even survival itself will become scarce and that's the hardest realization we have to face with this present era.

[rat03gopoh]

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.

[boyptc]

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 it's a valid thought for pointing that out. But AFAIK, this has been addressed long time ago when there's no technology yet.

The resources are limited yet the population of the world keeps on ballooning nonstop.

I'd say that it's still abundant depending on what we actually need and that's why people learn to farm on their backyards, generate solar power and keep themselves survive grid off.

The DIY for each of us and sustainable living becomes an important matter on how we'd survive just as the impact of this US/Iran. We've been dragged to find more ways to survive.