We can no longer afford to consider air and water common property, free to be abused by anyone without regard to the consequences. Instead, we should begin now to treat them as scarce resources, which we are no more free to contaminate than we are free to throw garbage into our neighbor's yard.
The biggest shortage in the world is not oil or food-it's leadership. Why is it such a scarce resource? Because egos get involved. Most people in top positions think they are better than somebody else, think they need something better than somebody else. It's economic assets, it's status, it's all those other things that prevent the people at the top from subordinating themselves totally to the people they lead. It is not socialism. Leaders get paid a lot more than those they lead, they get paid for their knowledge and skill...but they are no better as a person.
Essentially, wines are fermented grape juice, so I'm trying to make the point that the wine world is about scores and marketing and kind of creating a scarce resource where they don't really exist.
In a world of scarce resources, globalization without new technology is unsustainable.
The reality is we live in a world of scarce resources in this veil of tears, as Tony Abbott often describes the world, we have to be real, we have to accept that we can't spend as much money on everything as we would like and so we have chosen to re prioritise, to change spending.
The most abundant resources that we possess amongst the 1.5 million nonprofits in the United States are passion and knowledge, yet our most scarce resource is collaboration.
I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources and minimizes the regulatory burden on business.
Development is a fundamental part of our national security. It is extreme poverty - the realities of access to water and food - which creates the long-term drivers of our insecurity. Most wars are fought over scarce resources, and that is going to accelerate in the future.
Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.
We must see ourselves in community with all other people at local, national and global levels. While this may seem superficially easy, it is actually not. Western culture, now globally dominant, has systematically trained us to think and act as though we are separate individuals, often in competition with each other for scarce resources of one sort or another, primarily money, which has be-come the perceived means to all we want and need in life.
I got to carve through the streets of New York's financial district and discover the awesome feeling of being part of a system where, the harder you worked, the more of those scarce resources you earned! I never looked back.
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