Uploaded July 2018 | Updated September 2026, 4 hours ago
Using economic satiation can get all the benefits of a Star Trek/RBE/post-scarcity, society in 1-2 generations if we're willing to stop regarding money as evil.
Economic satiation is the principle in economics that the more of a good, service, or commodity you acquire, the less you are willing to do to get more of it. It is different for everyone. That means that chasing equality of outcome is wasteful and unnecessary.
This video explains two concepts: post-subsistence, the point at which you can cover all your basic survival and subsistence needs without having to work, and post-satiation.
Reaching post-subsistence, and, later post-satiation is a shockingly simple process: spend less than you make, and use the savings to buy things that make you more money for less work. In this way money can be made to work as hard as all the robots and A.I. in science fiction and even self-replicates via compounding. Thus the harder you work and the harder you save, the faster you achieve the state of all material needs being met without having to work.
Since savings used for investing are not sitting idle, but are supporting real businesses and real jobs, this creates ongoing, debt-free economic stimulus that fuels maximum abundance and opportunity.
Finally, the passing on to heirs and descendants allows succeeding generations the chance to start with more than the preceding ones did. thus, no more poverty.
All of the above accomplished using current technology, and without violating any laws of physics. Since the universe is finite(therefore scarce), and entropy(random disorder) is always increasing, we will eventually hit a scarcity wall, but there is no reason we can't keep this going for millennia before that happens, particularly if we get into space, start mining the moon and the asteroids, and go to other worlds.
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Watch the entire play list:
youtube.com/watch?v=_MEmf9_q8ZI&list=PL65EJ88idlKWVDItdgkDuCtYoNIMcHAFi
Sources:
mises.org/wire/poor-us-are-richer-middle-class-much-europe
ourworldindata.org
Using economic satiation can get all the benefits of a Star Trek/RBE/post-scarcity, society in 1-2 generations if we're willing to stop regarding money as evil.
Economic satiation is the principle in economics that the more of a good, service, or commodity you acquire, the less you are willing to do to get more of it. It is different for everyone. That means that chasing equality of outcome is wasteful and unnecessary.
This video explains two concepts: post-subsistence, the point at which you can cover all your basic survival and subsistence needs without having to work, and post-satiation.
Reaching post-subsistence, and, later post-satiation is a shockingly simple process: spend less than you make, and use the savings to buy things that make you more money for less work. In this way money can be made to work as hard as all the robots and A.I. in science fiction and even self-replicates via compounding. Thus the harder you work and the harder you save, the faster you achieve the state of all material needs being met without having to work.
Since savings used for investing are not sitting idle, but are supporting real businesses and real jobs, this creates ongoing, debt-free economic stimulus that fuels maximum abundance and opportunity.
Finally, the passing on to heirs and descendants allows succeeding generations the chance to start with more than the preceding ones did. thus, no more poverty.
All of the above accomplished using current technology, and without violating any laws of physics. Since the universe is finite(therefore scarce), and entropy(random disorder) is always increasing, we will eventually hit a scarcity wall, but there is no reason we can't keep this going for millennia before that happens, particularly if we get into space, start mining the moon and the asteroids, and go to other worlds.
If you enjoyed this video click the like button. To be notified of future content, subscribe.
Watch the entire play list:
youtube.com/watch?v=_MEmf9_q8ZI&list=PL65EJ88idlKWVDItdgkDuCtYoNIMcHAFi
Sources:
mises.org/wire/poor-us-are-richer-middle-class-much-europe
ourworldindata.org
