Market control tradeoffs dissolve once basic goods are no longer scarce

Evidence

Subjecting markets to the centralised control of an all-encompassing agency is not economically efficient and leads to political authoritarianism. Leaving markets free to operate more or less without any restriction, on the other hand, produces major disparities between the life chances of different groups and regions. A post-scarcity system, however, takes us beyond this dilemma. For when the major goods of life are no longer scarce, market criteria can function solely as signaling devices, rather than being also the means of sustaining widespread deprivation. — Anthony Giddens, The Consequences of Modernity, 386

Categorization

• XREF: connects to: Scarce advancement makes prosperity a zero-sum positional good; Rationing of scarce resources requires mechanisms of prior choice — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process: Basic Problems in…, 769

Related

• Scarce advancement makes prosperity a zero-sum positional good (similarity 0.85)