Topic: Risk of Scarcity. (Read 518 times)

Time will soon come wherein famine and war over natural resources would take place as each and everyone of us abuse the gift of God that was supposed to suffice our daily needs. People are overcome with greed and too much enjoyment that they end up not noticing what is really happening in their surroundings. If no one would make an act on how we can atleast delay the incoming worst crisis the world will ever face, we should expect that it would happen already sooner or later. Before it is too late, start preparing already and make sure you can secure goods for your family up until the future.

I believe that the big deficit at the moment is money. Due to the fact that you have listed above, the money that is now in circulation and which some countries print so diligently is very much lacking. But also this problem cannot be solved by printing new money, which means that the financial system will face a global reboot. Against this background, deficits are created in other sectors, which significantly affects the development of economies in the world. If this problem is not resolved soon, then the deficit will only grow and there will be more problems in the world, which will lead to the collapse of the financial system and economies of the world.

When scarcity occurs, there's the time where inflation will surely join it and make people suffer.

That's the reason why some people are still taking advantage of bitcoin because it also scarce for a matter of time and its price will surely increase.

Learn to invest so that you can somehow afford something that you need because if you invest, you can fight inflation instead of saving.

I hope that this pandemic will end soon, so that we can return to normal activities. there are many lessons that we can take from this pandemic, first we must have a side job that can support the main job, because most of the offline jobs have experienced a massive decline. second, we must be able to adapt to technological developments in order to maximize it in getting profit.
use the best possible capabilities and combine it with the online system. one that is quite potential is indeed from cryptocurrency, there are many jobs to choose from according to your abilities, for example web developer, designer, writer, etc.

if the condition of scarcity continues to occur and repeats, in every situation of scarcity, then the person who will benefit the most is he who has it.  here whether the person who has something will voluntarily share it with those around him who do not have it.  actually the current condition we tend to share less with others.  So there is social inequality.

Unfortunately that is not possible because human nature requires being better than someone else, that is the type of situation humans have because without having any type of feeling of being better then people can't "compare" how good they are doing.

It is not enough that you have a lambo, it is not the lambo that is good, it needs to be that others can't get a lambo, otherwise believe me lambo is a much much worse car than most other regular size cars, I can get a car for 10k that is much more comfortable than lambo, only reason why anyone gets it is the fact that they know they are one of the few that can do it, when you do not need to showboat and you KNOW you are richer, you do not get it, does warren buffet have one? mark zuckerberg? jeff bezos? None of these guys have anything like that because they know they are richer, it is that feeling of being richer, if we are all rich and we are all happy, then we are all sad and none of us would feel rich.

Maybe that should not be a problem at all, maybe we should figure out a way where resources are never a problem ever again? I mean what is "economy" that keeps us from having things that we want or need?

If people in Africa are dying because of lack of water, that is not because we do not have enough resources for it, that is because we do not care about it, I can guarantee you that with enough resources put into it, all of Africa could be a place filled with drinkable waters, farms, trees, everything, all you need is spend manhours resources on it, but we fail to do that because it is not "profitable for the economy".

Or we can just build lambo for every single person in the world, we do have the resources for it, or a Tesla or whatever car we want, it is possible we can do that like in 10 years, for free, you do not have to spend money on it, just do it, why put money in between? Food, shelter, water, games, cars, clothes, EVERYTHING can be free, but people will not be richer than each other, everyone will own everything, that is why we are not doing it.

those who don't care will look to their own future, while those in need will feel confused all day. help does not guarantee complete survival, and the person who helps may not always be able to help. a sense of solidarity is needed to help people, at least to relieve them until we get through the tough times of the pandemic.

Inflation that occurs either in the community or the country itself and the economic growth of the community is an important line for the country's economic growth and development, one of which is employment, so that welfare can be obtained by the community.

Although scarcity is a basic problem, sometimes scarcity is needed because it has an important role in the economy. It is undeniable that scarcity is one of the most significant factors in influencing supply and demand. In the economy, the scarcity of goods plays a significant role in influencing market competition on any price base.

Rare goods are generally subject to greater demand, so they have the 'power' to play the price of goods higher. This is why rare items tend to be priced at a higher price than similar items with more or even abundant stock.

Currently the economy of a country is in a bad state due to obstruction of various activities due to Covid-19, as well as high levels of robbery and violence due to limited economic needs.
Currently we can invite our family and friends to do activities that make money through the internet, one of which is investing in cryptocurrency or becoming a YouTuber content creator, so that we can fulfill a little of life's needs during the Covid-19 pandemic.

It is funny how when it comes to most goods and services scarcity is not good but when it comes to money the reverse is not true, printing money without any control was one of the most important reasons behind the crisis we saw in 2007 and it is going to be the most important reason for the economic crisis that is coming next, and the worst part is that governments are going to try to solve it in the only way they know how, by printing even more money.

Well, one thing is clear.... there is definitely not a scarcity of fiat currencies to be utilized to subsidize and fund these problems with Tax money. The government printing machines are printing non-stop and the printers are not running out of ink. The tax payers are feeding a social grant system, where the unemployed people are increasing and this is causing a bigger burden on the tax paying public. 

Now, this is causing an interesting ripple affect ..because the bigger the social dependencies, the more pressure are placed on the tax payers and when the pressure increase too much on the tax payer, then more people are pushed into poverty. (The Super rich are then over taxed and they (and their businesses) then relocate to countries where there are lower taxes.. causing more unemployment) 

I think it would depend on the place where there is scarcity. Most of the rich countries have probably enough resources for everyone. It's just that the distribution of it seems to be the "scarcity" part in every one. I think those who have nothing continue to have nothing because they don't have access to it. And when they do have it, it's somewhat put to waste because it just came without cost to them, and they tend to waste it.

Services would be a different thing altogether. I think there's no scarcity in that but only the effort towards the operators.

The reason that there is a scarcity is either they don't develop the production of raw materials or they didn't have a good management of supply and storage. Another problem is the conservation that is always set aside until it is too late. Of course people that are doing well are going to say that they are doing well because they didn't experience what is happening to other people or they are really ignorant.

indeed it is very beneficial to be someone who has financial freedom, as if they can do whatever they want. they can even turn the wheels of the economy, if done continuously I think there will be a symbiosis of mutualism, but if not, then as said before, scarcity can happen, and bad things seem to be a matter of time.

The issue is that this is something impossible to avoid, the economy is based on the concept of the free markets which means that as long as you have the money you can buy whatever you want and the rich are always going to have an advantage over everyone else because of their superior ability to buy whatever they want, most of the time the wants of the rich and the poor do not coincide as the rich spend their money in high status items but in the case of a crisis everyone wants the same causing scarcity in the process.

You are what is horrible with this world. If we got rid of every single person like you then the world would reach to a place where we have seen in the cartoons where everything is perfect, the only thing that is staying between the world where everyone is super happy and the current world is the people like you.

How dare you to say people are not working, how dare you to say that people should just switch jobs and business and do something else, will you not need those services tomorrow if you need to? Don't you need people in grocery stores? Don't you need car mechanics? All the jobs in the entire world is needed right now and those people were doing bad and they MUST BE helped because they are helping the world go around, remove one whole job and you are not going to have those people helping the world anymore and it will suck.

We need those people to work and we need to help them financially so that they could keep working. How can someone say that people DESERVE TO STARVE AN DDIE when they are not doing a job that profits them. You are a horrible human, I hope you get better.

Yes  we worried about the scarcity that happen in our own country even we have a different status of economy but some people say that .the status are stable and normal but they really don't know the truth behind a lot of people ang suffer.

This happened everywhere during pandemic times. People were trying to store more consumables and groceries and some were even trying to store daily needs items. Once the rich start holding these items in bulk it creates a problem for the poor because they neither have the money to bulk up and store themselves to match them nor do they have the money to buy them at above normal prices.

I think there is enough for everyone to survive in almost every country but the problem starts when one's want occupies the need of 10 and there starts the conflict of scarcity. If only a better culture was built, I think the world would be in a better place.

Pandemics do not always bring every individual to negative things, with the current pandemic many people spontaneously think of doing something that leads to success.

If you rely on every gift from the government and do not want to rack your brain to do something, you will definitely experience bad things in life, especially the economy, me, see many people currently doing something that gives them good results and success.

For example: this is an experience that I have seen and managed to do during a pandemic.
• You can run a business to sell organic fertilizers and plant seeds that you can grow and get results in the short and long term.

If you do business such as selling fertilizers and plant seeds this will not only have an impact on yourself 'Economy' but it will have an impact globally / locally and internationally from your efforts.
* Fertilizer: can be processed from cow sheds or trash that can be sold to farmers.
* Seeds: can develop several young plant seeds such as vegetables, chilies, carrots, wheat, rice, bananas, oil palm, salak and also date palm seeds and many others, at least you can develop 20 types of plant seeds to be distributed and ready for planting to local farmers.

With this kind of effort you and most people will get out of the economic poverty that plagued you during the pandemic, You can produce from fertilizers and seeds until harvest. You can buy again from farmers and sell export / import with different profits, this is an example of a business that has been successful. 70% of people have economic income.

Not to mention that you are farming beef chickens, bulls, squeezed cows, this can also get you and others out of the economic crisis during a pandemic.

Remember: only those who hope for compassion and are lazy are haunted by the pandemic.

i'm more worried about the scarcity of basic commodities because it will affect the survival of the wider community
we hope that the owners of power don't act arbitrarily

   Yes , you have a point the government are still adjusting  and need a little more time to handle. Maybe we have a different status of and country, will in my country I found many people starving a food. Suffer regard their  low wages. And most of the employee lost their job due of and pandemic and it is getting worsen.

One of the big problems is that people lack imagination, as you say in the case there is some food scarcity people could grow a portion of their own food on their own homes, but do people actually do something like that? Of course not, they want things to be solved by the government but things are not that simple and this pandemic proved this, besides with all the inflation that is going up scarcity is not the only problem but the raising prices, and if to this we add the increased demand then those with little resources have almost no chance to get what they need out of the market.

Yes in my country I felt sad  cause I've seen many people in the Surroundings  . Begging some food and money cause they can not afford to buy .

I do think that supply is never consistent with the economic situation. The prices more or so keeps getting up and down which dissolves the effect it might have produced and we often see inflation or deflation.
• Right now what's going on is that we don't have enough jobs, due to high demand prices of some things are rising. Plus the government needs to work on getting more jobs to the people. Education system is collapsing, online education is not helping anyone, especially in medical schools where excessive practical skills are needed.
•If the resources are not up to the mark in terms of big factories, turn towards small farmers, near your area, this will not only help you but them also. At the same time you will get better products.
Honestly in a country where the big markets collaborates with small farmers you cannot see such changes. Everything is more or so normal and prices are nominal. Except for oil.
"How government handles the situation of pandemic is directly consistent with your statement, maybe they need a little more time to adjust"

The reality is that governments went into their comfort zone and were caught off-guard when this coronavirus started spreading because apart from a few top tier countries, most of them were in a lose-lose situation where they cannot force lockdowns because it hurts the economy and if you allow markets to be opened they will soon the hospitals full.

The biggest problem is that there was no prior planning and once you shutdown markets for weeks and months then you cannot expect the economy to remain stable or grow.  Scarcity arose because it was hard to adapt and people with more money are ready to spend higher for the same item which the middle class cannot afford.

I think differently about this, in my country as far as I observe, there are no serious obstacles to food for rice due to the Covid pandemic. We can conclude that farmers are more resistant to Covid, perhaps because they are often in the fields exposed to the sun and are always on the move, thus forming a strong immunity

I believe once the rules and order of the authority/government set in, everything will going to be fine. These people was panic buying and also hoarding at the same time is not right. And I'm sure there's a price surge going to happen because people are literally making more demands and there's a low supply once everyone is hoarding.

And just like I said, to avoid such situations like starving since there's a lockdown. People can plants vegetables in their back yard and use every idea you gather as a survival skills once you are in a situation. How long will people continue to do this? It's already been a year since it happened to all of us, I don't think they never learned anything yet from those whole year quarantined in their own house.

Sustainability has been a very long-running issue for us ever since the introduction of civilization. People will hoard more than they can take and leave the penniless suffering. We can see this happening right now, and most likely in the following months as the pandemic carries on. Hopefully we find a way around this somehow because if not, we'll literally die of starvation.

Please tell me one thing that is scarce these days? Except obviously medical supplies in third world countries everything is readily available. It's actually the purchasing power or the incomes of the people that has gone Pretty down. I don't think any other currency would have been able to save us from this due to disruption in the economic system due to covid. So it is entirely wrong to say that there is scarcity infact the fed ensured that there is no limitation to supply so they printed a lot of money.

I don't think there is already a scarcity going on. Most raw materials are still being harnessed on a large scale on most sources, but the processing however is somewhat on a slower scale considering that the pandemic is still out and about, and health restrictions are still out there to control the spread. What's happening rather is the continuous back and forth of trade embargoes, penalties, and restrictions imposed by one country to another, causing delays in shipments, an artificial shortage in supplies, and a lot more problems in the economy. We still have loads of resources to get, although of course we need to harvest them sparingly and replace them as fast as we could, but the egos of world leaders add up to this shortage of supply on most parts of the world. It's like they're playing a chess game wherein we are all the pieces that can easily be disposed.

What exactly do you mean by "artificial food"? Yes, there are new technologies, that allow you to grow crops in artificial conditions, not depending on the season, there are even recent developments that allow you to create artificial meat of some sort.
However, though it gives us some freedom in terms of time frames, conditions, and these technologies can be adjusted to pandemic more easily, all of them still require some resources: light (which requires energy, which is, if not solar, still limited), culturing media, reagents for the technologies.
Nothing can be created out of the thin air and the key here is managing the supplies properly, ideally, by implementing recycling technologies, IMO.

A great deal of the problem has to do with governments not giving priority to produce locally the products and services that they need, I can understand that it is not possible to do this for every single product but you could reduce your dependency on the supply chain if food was produced locally and yet we do not see this, it is cheaper to produce the food far away and then bring it and when things like a pandemic happens then it is difficult to bring the food where it is needed.

The lockdown almost made people unable to work and feed properly until it was lifted early last year where I live.
I would be surprised to see people go hungry or starve with no major crisis to cause that. Lots of staple Foods produce by local farmers are pretty cheap and not lacking in supply. If you want to hear about huge inflation, hunger and starvation happening around you, listen to the News. They seem to like reporting such things even when everyone is busy working, feeding themselves and not begging for food. You see very few beggers once in a while... If you ask even those making alot of money in your presence about the economy, they'll likely tell you they need money or there is no money anywhere.

They media tend to bring hopelessness to situations and does encourage society/people to greedy, unthankful, always complaining, even those that have enough.
Bees, ants and others animals are hardly seen dying of hunger in the midst of plenty. They have been working hard and feeding themselves, why not humans?

Its all politics. Scarcity is sometimes created on purpose. It's not because of high population or poverty or lack of interested. It's done to jack up the price. They form syndicates with one common interest, to sky rocket the price. Those artificial scarcity allows those monopoly market to make huge profit, but it ends up hurting the economy in the long run.
Might be true for 3rd world countries, but rest of the word is doing good. Haven't heard of any country suffering from food shortages due to pandemic.

It has been said many times, but scarcity is inevitable especially for people who are clinging to go to cities where the cost of living is very much expensive and all of the sources are generally imported from different countries.

The problem is, countries and their governments find it hard to manage the sources because we all know that all of the countries are having hard times managing their own supplies, as well.

Well then, I think we should start digging holes and planting seeds that we will then soon eat. Scarcity has been there since day one. But we all have to survive and not blame anyone for it.

^ Scarcity is the twin abundance, this problem has been there since the first generation. However, people don’t lose their source of food. They just lose a source of food of what they wanted but when you look at your surroundings and where you came from, there is a lot of things to fill your stomach. The only problem in most of the countries is that they tend to have metro cities where people tend to go just to earn more money. If countries have the initiation to generalized wages to all of the parts of their countries, I don’t think scarcity is a problem. People will have their cost of living cut and go back to their origins so metro cities will become more air to breathe and a source of food to share.

Scarcity is not an issue created in vacuum but it is created by humans and especially those in government. The government has all it takes to create a well developed supply chain but because they lack proper planning (especially less developed countries), then scarcity will be created. For example, when talking about demand and supply, you need good roads, proper communication levels or good internet connection. All these are important to get supplies down to final consumer. As to the cryptocurrency, it has taken the advantage of modern life. The digital is creating a good value chain through the blockchain and it makes life easier.

If a country doesn't support their local produce then an increase is really going to happen since import of goods is an expensive thing plus the time its shipped gets delayed, the more it becomes expensive. This isn't a pandemic problem, this has been happening for a long time.

I don't think we will have much problem to grow more resources for the more population because we are technologically (specially in biodiversity) much advanced, that we can artificially create foods on a large scale if necessary. The people getting jobless is a big problem, but, the disease is also bad and should be controlled, while those people can try to earn something from online or use their savings for this pandemic, but another issue is, this lockdown is making people to reproduce more and adding more to population which needs to be controlled a bit

Due to the pandemic the demand for food products increased a lot, and certain products faced down as well which means that people stacking the food products more than what they needed due to the fear of lockdown which is what we saw exactly in 2020 in many countries.

But do these issue still exists?

This has a lot of effect on my economy even before the pandemic we have been experiencing more import of goods and services than the import rate. Prices of goods and services have been on the high side since the pandemic and we are still facing it.

watching the news all the time will help you see how these trade wars are going to affect economies. the grocery stores normally is filled with unlimited products but today there are stores that has empty shelves. scarcity of toilet papers was the first to be reported when pandemic started.

there is actually a token project that tries to solve  Supply Chain Management (SCM) and thats Vechain (VET). i have no updated information about the project but their token is pretty bullish.

Is it scarcity. Or is it merely an escalation in trade deficits and trade wars which have perpetuated for many years now.

For many years the USA imposed trade sanctions on rogue states like north korea, russia and iran.

Recent events in the USA involving semiconductor shortages, parts shortages and fuel shortages are generally what happens to a nation when it is hit by economic sanctions.

I don't think it really matters what's happening now. No one remembers the trade wars when Donald Trump was President. No one remembers that those trade wars did not necessarily end.

I find it a big problem as well that the supply chain management changed the world so much. Companies are afraid to do inventory, everything needs to be done just in time. There is no room for error. In the food industry it is the most dangerous. What if we have 1 year of bad crops with only 20% return compared to the average yield? This is very dangerous. We can already see the problems right now in Africa and south America. I read in an article that in Brazil 1 out 6 people don't have enough food right now. That is terrible, we should do better.

If I get you right, you are talking about the issues with supplies that are currently happening across the globe. It is well know that we seem to be in what is called a commodities supercycle due to increasing activity after the pandemic meeting the insufficient production of some critical raw materials due to the pandemic. Some of these, such as wood take quite a bit to recover and are greatly influencing prices. In poorer countries this means that there will not be enough.

A big problem if one country is not prepared for the future.
The pandemic came and most leaders didn't even know what to do. Close the airports and lose tourism but with the risk of getting the sickness from a different country.
Then there is the lower class that lost their jobs with businesses closing to avoid scattering the sickness. (not a necessity business)
Scarcity just as you said is also because of that reason. They are not letting businesses run in full swing to avoid employees from physical contact.
It's the sad truth but all we can do is wait and survive until everything goes back to normal.

The problem is that a lot of governments around the world doesn't have an efficient and clear plans regarding supply chain so most of the time, a lot of the resources are wasted because of the inefficient management in the supply chain. If we create a direct farm to market for supply chains, I am sure that we are able to solve the problem of scarcity. Another thing worth mentioning is that the proper storage should be robust and adaptable to prolong the shelf life of perishable supplies.

Thought it's about currency scarcity, which actually makes both small and big investors in deflationary cryptocurrency have more to spend on things they need.
In regards to the scarcity of basic goods and services, that typically results from not producing enough of the basic goods and services to meet demand. And this could also cause their prices to increase. I think people should use the money they earn to produce more rather just consuming. A society could alternatively (or in combination with the self help) invest more in the production/producers that's based on merit. Producers could be scored based on how fast they can produce good things without compromising on safety standards. You reward the best with more temporal lands, equipments, funds etc to produce more. I would invest more in medium/small-scale producers who are good at what they do.  You could easily get them to follow the reasonable health safety rules. Those who are reckless may even work under those who are cautious & good at what they do, to learn how to produce the right way without compromising on safety standards

     Now a days our economy suffers deficiency of supply due of high population, poverty and lack of oriented of an individual. Supply Chain Management (SCM) one who managed the flow Good's and service into raw material into finished product. Right now the resources of foods and services it's getting worst due of the pandemic more People's lose their works , and the supply of an Government it is not enough for everyone.