23 May '12, 12pm

Global Scarcity: Scramble for Dwindling Natural Resources

Keynes or Rothbard? Here we are again. Does humanity allow the plutocrats....err i mean Yale grads, to allocate resources for us. I'm sure their intelligence and superior education will lead us to utopia. Let's redistribute the earth's resources. Oh... but wait. The point of this article is that there are not enough resources to create a fair and even utopia. Unfair? My goodness. Well at least Democratic Populism will save us. We will all vote. The whole planet will vote to allocate resources. But what about those pesky limited resources. They are soo hard to extract. So expensive to attain. Oh... thats ok. Our omnipotent plutocratic brothers and sisters will just print more money. Oh but who wants cheap resources anyway. Those resources have a negative environmental impact. We must plan a perfect environment. That way we can all vote on it. Thats right. We need plutocrati...

Full article: http://e360.yale.edu/feature/global_scarcity_scramble_for...

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