Book review: "Abundance"
noahpinion.blog
Saved by Pavan Sandhu and
Book review: "Abundance"
Saved by Pavan Sandhu and
The smart choices may be those that use exciting new technologies but don’t necessarily raise income in conventional ways, or as conventionally measured. That’s the basic idea behind plenitude.
There are great opportunities in front of us, for anyone whose eyes are open.
Friction (scarcity) allows for return on capital.
Lack of friction (abundance) allows for compounding growth.
The great businesses are the ones who harness both.
Technology changes where the friction is located.
Scarce resources become abstracted and turn abundant.
New scarce r
... See moretell them about the untapped resources, natural and human, that the world has at its disposal, the abundant ways and means to solve its many crises.
Frase argues that we are facing a paradoxical crisis of both scarcity (ecological catastrophe) and abundance (AI & automation) at the very same time. Under these twin pressures, he argues, capitalism is going to end. The question is what will replace it. On intersecting axes of scarcity/ abundance and hierarchy/equality, he maps out a 2 × 2 gri
... See more