Post-Scarcity Economics

Post-scarcity economics is an economic theory that envisions a future where resources are abundant enough that basic needs—such as food, housing, and healthcare—can be met for everyone without rivalry. In this scenario, advancements in technology, automation, and sustainable practices reduce costs and increase availability, allowing goods and services to be provided with minimal labor. This shift changes the dynamics of value, work, and distribution, leading to a society where traditional market principles of supply and demand may no longer apply, fostering collaboration and equitable access to resources for all.