Surviving Post-Scarcity

I’ve been reading the “Beyond Scarcity” series on FTAlphaville recently, and it’s made some very interesting points. The posts argue that the current economic environment is deflationary with regard to goods. I think that is true, and one of the reasons is because of technology. Firstly technology is constantly making everything more efficient and because of global competition this is both reducing the production costs and making goods cheaper. Secondly technology is causing structural unemployment, which means less people have money to spend and there is less money flowing around the economy. Other factors causing deflation are the tight monetary conditions, the aging population, and potentially the effects of quantitative easing.

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Zero-Six Weeks

A couple of years ago, when I was thinking a bit about frugality (as in; “Hey, that’s a characteristic I should have more of), I came up with the idea of a “Zero-Six Week”. This is a week where I am only allowed to spend money on one of the days (typically a Sunday). The aim is to buy enough necessities on the Sunday to see me through the week, and not spend any money at all the rest of the week. That means walking everywhere, making all the meals for the week, etc.

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