Scarcity, Needs, Governance, and Beliefs
If you have taken any modicum of Economics in High School, you are well aware of concepts of Scarcity (S), Needs (S), and Wants (W). If you remember well, you know that the most important connection postulated between S, N, and W is:
Relative to Needs and Wants, Resources are Scarce (Insufficient). Resources as such, are characterized by Scarcity.
Stated somewhat differently, the basic assumption in Economics is, Society does not ever have enough to go around.
Let a ‘Welfare State’ be a Country that, until remediation of loss of employment, provides financial support to members of the labor force ad infinitum. We have that Welfare States do not impose any time duration limits on unemployment payments. Equally important is the reality that unemployment payments are not ‘reluctant’, rather are generous, as such adequate to a living, not just some ‘we cannot get away with doing nothing’ aphorism.
Non-cessation of unemployment payments and generous nature of such payments in Welfare States asserts the principle that there always is enough to go around.
If we abstract away from Welfare States, such as Norway, Finland, Sweden etc., most countries of the world have adopted the…
