this post was submitted on 09 Oct 2023
66 points (93.4% liked)
Everything Science
429 readers
1 users here now
it is the place for high quality scientific content that doesn't necessarily reference a peer-reviewed paper from the last 6 months.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What even is supply and demand
It's how we make sure we retain poverty as a concept. Obviously valuation of an asteroid is currently pointless, but the idea of eliminating scarcity is more of a political issue than a resource one.
Yeah really. Look at how the Spanish took so much gold from south America that their economy tanked.
It's impossible to assess the worth of a commodity in terms of its scarcity without the extraplanitary cache added in.
Like the price of very rare baseball card would come down a bit if a couple of thousand of that card where discovered.