Scarcity or abundance
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2012 was the best year in history according to the document. It had less hunger, less disease, and more prosperity. The document also discusses Julian Simon's view that people, especially young people with liberty, are the ultimate resource as they can benefit themselves and others through their imagination and work. Simon believed that material living standards would continue to get better for most people in most countries indefinitely over the coming centuries.
Scarcity or abundance
- 1. 2012 Best year in history Less Hunger Less Disease More Prosperity
- 2. How does the media make money? Sells you to advertisers Fear gets attention No context
- 3. Julian Simon (1932-1998) The Ultimate Resource The ultimate resource is people–especially skilled, spirited, and hopeful young people endowed with liberty–who will exert their wills and imaginations for their own benefit, and so inevitably they will benefit the rest of us as well.” — The State of Humanity (1995) This is my long-run forecast in brief: the material conditions of life will continue to get better for most people, in most countries, most of the time, indefinitely. Within a century or two, all nations and most of humanity will be at or above today’s Western living standards. “I also speculate, however, that many people will continue to think and say that the conditions of life are getting worse.”
- 5. Life Expectancy Fact Theory
- 6. Price of Raw Resources Theory Fact
- 7. Think Utility not Physical Quantity
- 9. Do the 88 keys limit the number of potential songs?
- 10. High Prices Use Less Innovate a Substitute
- 11. Ideas make things valuable Only humans have ideas Therefore, only humans make things valuable