this post was submitted on 22 Jul 2023
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Capitalism creates scarcity to generate profit. We live and have been living in a time of unprecedented efficiency productivity and abundance. Artifical scarcity is used to keep workers from resisting wage slavery.
Companies would rather sell more product then pretend for it to be rarer (except for stuff like diamonds but those are selled to rich, successful people anyway)
That's such a naïve thing to say. Artificial scarcity is incredibly common and used as a marketing tool by nearly every industry. My favorite example is when digital content has "limited edition" copies.