One of the issues I used to be taught in Economics again in highschool is the concept of shortage. Where we’re instructed that sources are scarce and easily put, there is not sufficient for us all. Well guess what, that concept is a fallacy. Plain and easy.
To clarify my level, allow us to take a take a look at this instance. In a nation the place the per capita revenue is lower than $400, with fundamental facilities resembling water and electrical energy obtainable extra as a luxurious than a necessity, one would count on there to be prudent and wise administration of these scarce sources we’re speaking about proper?
The academics have at all times been agitating for greater wages and higher situations of service. The typical response they get is, there is no cash. There is not sufficient authorities sources to cater to their wants. The soccer group of this nation goes to play a event and didn’t even make it to the quarter finals, out of the blue they’re given a rousing welcome residence.
Each individual is given $50000 as bonuses along with the newest BMW automobiles. What I need to ask is, if sources have been scarce and restricted as was being instructed to the academics, the place did these funds come from to waste on these gamers who introduced nothing of profit to the individuals?
There are 1000’s of such instances the place sources have been spent on fully ineffective and irrelevant issues at the expense of what actually must be finished. To these proponents of that fallacy known as shortage of sources, I say it is not the useful resource that is scarce however fairly the ethical turpitude of people who management these sources to place them to good use. Resources weren’t, will not be and won’t be restricted or scarce. That concept of shortage is a big fallacy.