this post was submitted on 31 Oct 2023
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Post scarcity makes labels like communism/capitalism meaningless. They are both systems to deal with the scarcity of resources.
One of the best lines in Bank's work to describe this is from LTW:
"Money is a sign of poverty"
Ie: A society that needs money to apportion scarce resources is always poor as there is never enough to go around.
It certainly has shaped my own ethics and ideas.