Post-scarcity Economy
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Post-scarcity Economy
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for ''all'' goods and services, but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society. Models Speculative technology Futurists who speak of "post-scarcity" suggest economies based on advances in automated manufacturing technologies, often including the idea of self-replicating machines, the adoption of division of labour which in theory could produce nearly all goods in abundance, given adequate raw materials and energy. More speculative forms of nanotechnology such as molecular assemblers or nanofactories, which do ...
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Economic
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarcity, scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two grou ...
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Solar Energy
Solar energy is radiant light and heat from the Sun that is harnessed using a range of technologies such as solar power to generate electricity, solar thermal energy (including solar water heating), and solar architecture. It is an essential source of renewable energy, and its technologies are broadly characterized as either passive solar or active solar depending on how they capture and distribute solar energy or convert it into solar power. Active solar techniques include the use of photovoltaic systems, concentrated solar power, and solar water heating to harness the energy. Passive solar techniques include orienting a building to the Sun, selecting materials with favorable thermal mass or light-dispersing properties, and designing spaces that naturally circulate air. The large magnitude of solar energy available makes it a highly appealing source of electricity. In 2020 solar energy has been the cheapest source of Electricity. In Saudi Arabia a power purchase agreemen ...
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Profit (economics)
In economics, profit is the difference between the revenue that an economic entity has received from its outputs and the total cost of its inputs. It is equal to total revenue minus total cost, including both explicit and implicit costs. It is different from accounting profit, which only relates to the explicit costs that appear on a firm's financial statements. An accountant measures the firm's accounting profit as the firm's total revenue minus only the firm's explicit costs. An economist includes all costs, both explicit and implicit costs, when analyzing a firm. Therefore, economic profit is smaller than accounting profit. ''Normal profit'' is often viewed in conjunction with economic profit. Normal profits in business refer to a situation where a company generates revenue that is equal to the total costs incurred in its operation, thus allowing it to remain operational in a competitive industry. It is the minimum profit level that a company can achieve to justify its con ...
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Post-industrial Society
In sociology, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy. The term was originated by Alain Touraine and is closely related to similar sociological theoretical concepts such as post-Fordism, information society, knowledge economy, post-industrial economy, liquid modernity, and network society. They all can be used in economics or social science disciplines as a general theoretical backdrop in research design. As the term has been used, a few common themes, including the ones below have begun to emerge. # The economy undergoes a transition from the production of goods to the provision of services. # Knowledge becomes a valued form of capital; see Human capital. # Producing ideas is the main way to grow the economy. # Through processes of globalization and automation, the value and importance to the economy of blue-collar, unionized work, including manual labor (e.g. ...
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Libertarian Municipalism
Murray Bookchin (January 14, 1921 – July 30, 2006) was an American social theorist, author, orator, historian, and political philosopher. A pioneer in the environmental movement, Bookchin formulated and developed the theory of social ecology and urban planning within anarchist, libertarian socialist, and ecological thought. He was the author of two dozen books covering topics in politics, philosophy, history, urban affairs, and social ecology. Among the most important were ''Our Synthetic Environment'' (1962), ''Post-Scarcity Anarchism'' (1971), '' The Ecology of Freedom'' (1982) and ''Urbanization Without Cities'' (1987). In the late 1990s, he became disenchanted with what he saw as an increasingly apolitical " lifestylism" of the contemporary anarchist movement, stopped referring to himself as an anarchist, and founded his own libertarian socialist ideology called "communalism", which seeks to reconcile and expand Marxist, syndicalist, and anarchist thought. Bookchin w ...
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Social Ecology (theory)
Social ecology is a philosophical theory about the relationship between ecological and social issues. Associated with the social theorist Murray Bookchin, it emerged from a time in the mid-1960s, under the emergence of both the global environmental and the American civil rights movements, and played a much more visible role from the upward movement against nuclear power by the late 1970s. It presents ecological problems as arising mainly from social problems, in particular from different forms of hierarchy and domination, and seeks to resolve them through the model of a society adapted to human development and the biosphere. It is a theory of radical political ecology based on communalism, which opposes the current capitalist system of production and consumption. It aims to set up a moral, decentralized, united society, guided by reason. While Bookchin distanced himself from anarchism later in his life, the philosophical theory of social ecology is often considered to be a ...
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Post-Scarcity Anarchism
''Post-Scarcity Anarchism'' is a collection of essays by Murray Bookchin, first published in 1971 by Ramparts Press. In it, Bookchin outlines the possible form anarchism might take under conditions of post-scarcity. One of Bookchin's major works, its author's radical thesis provoked controversy for being utopian in its faith in the liberatory potential of technology. Summary Bookchin's "post-scarcity anarchism" is an economic system based on social ecology, libertarian municipalism, and an abundance of fundamental resources. Bookchin argues that post-industrial societies have the potential to be developed into post-scarcity societies, and can thus imagine "the fulfillment of the social and cultural potentialities latent in a technology of abundance". The self-administration of society is now made possible by technological advancement and, when technology is used in an ecologically sensitive manner, the revolutionary potential of society will be much changed. Bookchin claims ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ...
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World Future Society
The World Future Society (WFS), founded in 1966, is an international community of futurists and future thinkers. History Prominent members and contributors have included Ray Kurzweil, Peter Drucker, Carl Sagan, and Neil deGrasse Tyson. Leadership Current board chair & CEO Julie Friedman Steele: 2016–Present Past presidents and executive directors Amy Zalman: 2014–2016 Timothy Mack, Esq.: 2004–2014 Edward Cornish: 1966–2004 Publications ''The Futurist'' magazine ''The Futurist'' magazine was established in 1967, with Edward Cornish serving as the founding editor. From 1967 to 2015, it was a full-color bi-monthly magazine. Today, it is an online publication that reports on technological, societal, and public policy trends, along with topics related to the future of human purpose. ''The Futurist'' was nominated for a 2007 Utne Independent Press Award ''Utne Reader'' (also known as ''Utne'') ( ) is a digital digest that collects and reprints articles on polit ...
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Automated Mining
Automated mining involves the removal of human labor from the mining process. The mining industry is in the transition towards automation. It can still require a large amount of human capital, particularly in the developing world where labor costs are low so there is less incentive for increasing efficiency. There are two types of automated mining- process and software automation, and the application of robotic technology to mining vehicles and equipment. Mine automation software In order to gain more control over their operations, mining companies may implement mining automation software or processes. Reports generated by mine automation software allow administrators to identify productivity bottlenecks, increase accountability, and better understand return on investment. Mining equipment automation Addressing concerns about how to improve productivity and safety in the mine site, some mine companies are turning to equipment automation consisting of robotic hardware and software ...
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The Register
''The Register'' is a British technology news website co-founded in 1994 by Mike Magee, John Lettice and Ross Alderson. The online newspaper's masthead sublogo is "''Biting the hand that feeds IT''." Their primary focus is information technology news and opinions. Situation Publishing Ltd is listed as the site's publisher. Drew Cullen is an owner and Linus Birtles is the managing director. Andrew Orlowski was the executive editor before leaving the website in May 2019. History ''The Register'' was founded in London as an email newsletter called ''Chip Connection''. In 1998 ''The Register'' became a daily online news source. Magee left in 2001 to start competing publications ''The Inquirer'', and later the ''IT Examiner'' and ''TechEye''.Walsh, Bob (2007). ''Clear Blogging: How People Blogging Are Changing the World and How You Can Join Them.'' Apress, In 2002, ''The Register'' expanded to have a presence in London and San Francisco, creating ''The Register USA'' at ther ...
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Nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to react with air under standard conditions because a passivation layer of nickel oxide forms on the surface that prevents further corrosion. Even so, pure native nickel is found in Earth's crust only in tiny amounts, usually in ultramafic rocks, and in the interiors of larger nickel–iron meteorites that were not exposed to oxygen when outside Earth's atmosphere. Meteoric nickel is found in combination with iron, a reflection of the origin of those elements as major end products of supernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth's outer and inner cores. Use of nickel (as natural meteoric nickel–iron alloy) has been traced as far back as 3500 BCE. Nickel was first isolated and classified as an e ...
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