First of all, let me say that I simply love this channel. The content is great, examining future possibilities in depth and in a very scientifically grounded and even philosophically rigorous way and I thank the author for putting up such good content. But I have a few things to add and possibly object after watching "The economics of a post-scarcity universe" about some of the points that the video apparently argues.
- There will always be scarcity of abstract objects of want.
Isaac Arthur ('IA" for short) says that some resources are inherently scarce, and I agree. Handmaid artifacts, attention, prestige and (human) energy will always be scarce, but at the same time, wants of prestige, attention and such needs can be modulated through psychological growth. Let's take love for example. Most people are striclty monogamous, and as such tend to think that love is a scarce resource and can only be destined to a single person at a time at best, but one could very well argue that it is perfectly possible to love more than one person with equal intensity. Of course, the physical energy and attention level required to fullfil the sexual and emotional responsabilities of other people is indeed scarce (unless your mind is uploaded and you can make several identical copies of yourself, which would make even physical energy and attention abundant, rather than scarce resource), but love is, arguably, not. And if people at large realized that, perhaps love would not be a scarce resource by default. The point here is not to argue that we should all be non-monogamous, but that whether an abstract object of want (like love, prestige ou social status) is actually scarce or abundant depends largely on societal norms and cultural expectations.
The pont is that the need for abstract objects of desires, like love, prestige or social status is far easier to negotiate with than the need for survival and they can, in principle, be made abundant by changes in societal expectations and cultural norms. It seems that one of the premises of the video is that, more or less, humans will be the just the same, and be greedy to some extent, but this is not necessarely true. People could, in principle, adjust their own mindsets to just accept that some things are either not possible or not worth having and be happy with that. Not everyone can be a world class physicist, or a high-skilled politician, or a astronaut, and that's ok. People can just be content with silently trying to do their best and just live the best life they see fit and material abundance will allow them to do so much more freely. I do think the desire for excellence is hardwired in human nature, but I don't think excellence is the same as achieving things like social prestige, love or power. People in a post-scarcity can acknowledge that power, responsability, prestige and love come as a result of the search for excellence, and do not define it and that matters for whether we think that such scarcity will always spark conflicts that have to be arbitrated by some form of money or currency. Which brings me to my next point.
- Is money really inevitable?
IA seems to make the point that money (in some form), is inevitable, because resource allocation conflicts will always arise and therefore money does come as a objective and straightforward way to setlle such disputes. But I have doubts about that. I don't want to deny that resource allocation conflicts will arise even in a post-scarcity society, but will they be generalised and common enough in order to demand money (or something functionally equivalent) as an arbitrer? Sure, two (or more) people, can fight over a handmade painting by an artist they like, but will that be the norm in such a society and even more so to justify the need for money? And have such conflicts to be resolved through a money transaction? They could, in principle, be solved by arbitrage of the community they live in, AI, robots, personal molecular factories (like very advanced 3D printers), or simply giving everyone the means to find meaning in other things.
Post scarcity does not mean the absolute end of trade, and that I agree, but it does mean that the social division of labour which necessitates money, and its necessary state-sanctioned status (money isn't money if there is no social recognition of the currency enforced by a state), need not exist. Trade in such a society is just use-value trade. When we both have whatever material needs covered by economic production because of full automation and nearly infinite energy available, why would I trade with you for money? Money is a means to get things or services, not the things or services themselves. If the point of trade is to both parties directly enjoy things or services, or exchange favors or gifts, that is not a money transaction, at least, not one that seems reasonably like a money transaction. The problem is that IA's conception of money as just a convenient means to trade stuff, but money is not just that and even if it were, it does not mean that it is the only, or indeed, the most morally appealing option for trading and allocating resources that a post-scarcity society should sanction. And that brings me to my final point:
- Resource allocation is necessary in a post-scarcity society but money is not
I do agree with IA that even a post-scarcity society must decide carefully where resources are allocated, after all, a post-scarcity society must not be wasteful. A post-scarcity society must manage wisely every atom of matter and every watt of energy it has at it's disposal, but resource allocation can be much fairer than today in such a society because people would no longer feel the need to hoard everything in fear that tomorow all may be gone because they trust that this society is wise, resilient and prepared enough for whatever the future holds, and I think that would have a positive impact on how just resource allocation is and how just it is perceived, which i think would have positive impact on social unrest and few people would feel society is treating them unfairly, hence greatly diminishing the need for an resource conflict management.
Long essay, but I hope that you guys have the patience. Thanks and I hope to see your thoughts.