Scarcity is an outdated theory, which is still taught in Harvard university. A theory is a good idea - it is not a fact.
Thanks to technology, leverage and synergy, since the industrial revolution we now have abundance on the planet. For example, there is enough food to feed everyone at least twice over. It's only distribution issues that makes people lacking in food.
The main reason why we don't see abundance is partly because we still believe in scarcity, and because of problems in distribution - which arise because of the belief in scarcity.
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