Been reading up on TZM lately, trying to get some exposure to futurism, but trying to dissect the movement’s economic platform. I know the TZM has been discussed in these forums, but one thing stands out to as far as interesting economic questions go regarding scarcity. This is their statement on S…

Ironically, these people would fail at business. If what was most important was obtaining the highest price for an item and producing more that item causes the price of the items to decrease, then why ever produce more than one of anything? Why do diamond companies continue to dig for diamonds if p…

I’ll give it a try. My comments in bold: "The market system is driven, in part, by Scarcity. This is true. If something is available in limitless supply, it would be free, like the air we breathe, and no one would be able to sell it The less there is of something, the more money that can be gener…

That’s the role of competition. When there are surmountable barriers to entry then when a company sees that another is making profit, it can enter the market for a new good by driving price down.

The only way that the market can make a profit through scarcity is by hedging its losses, I.E leaving a wide enough profit margin that any likely losses won’t drag it under, or by a monopoly price, which food certainly cannot be applied to. The free market destroys scarcity through its actions, base…

I have tried to understand what their economic theory is. However the problem is that they themselves are not very clear. Reading the Zeitgeist activist orientation guide they skim over assertions about ‘‘exploitation’’, ‘‘cyclical consumption’’, & planned obsolescence. Before moving on. So it is re…

Scarcity is necessary for action, and life itself. The desire to abolish/eliminate scarcity is the desire to eliminate/abolish (human) action, and with that, (human) life. Even if all material scarcity – as we know it today – was eliminated (food, goods, products, inter-stellar flight, teleportation…

I don’t think TZM people use the same definition of “scarcity” that Austrians do. Hardly anyone does. They mean ‘scarce’ in a purely relativistic sense, failing to appreciate, as usual, that they’re applying their own subjective utility function. I have my doubts about De Beers destroying diamonds…

For some reason, this reminded me of the Buddhist concept of dukkha - typically translated as “suffering”, but could also be translated as “felt uneasiness”. Buddhism teaches that even existence itself is a form of dukkha.

This, this, this. Furthermore, they seem to feel like they have literally no choice but to buy X, and thus they have literally no choice but to buy X at the price offered. Anytime you hear them talking about “needs”, think “things that they feel they have literally no choice but to buy”.

All that elusive rhetoric is just distraction. The core of their argument is a rather simple theoretical fallacy: They simply assume that scarcity does not apply to their system, then they conclude that their system can overcome scarcity. Big deal. Once you assumed away scarcity any system can crea…

TZM and Scarcity

Economics Economics Questions

John_James January 15, 2012, 8:35pm 12

See here.

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TZM and Scarcity

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