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Thomas Love Peacock

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The waste of plenty is the resource of scarcity.
--
Melincourt, chapter XXIV

 
Thomas Love Peacock

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Not only has capitalism failed to bring us to the brink of a scarcity-free world, but in a sense, you could say that capitalism invented scarcity - at least as a deliberate method of economic organization.... The flipside of this bounty, this endless feast, is scarcity.

 
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[few of Sancho's letters were actually intended for publication, but here is one sample, written during a military recruiting crisis] The vast bounties offered for able-bodied men sheweth the zeal and liberality of our wise lawgivers- yet indicateth a scarcity of men. Now, they seem to me to have overlooked one resource (which appears obvious); a resource which would greatly benefit the people at large (by being more usefully employed), and which are happily half-trained already for the service of their country, by being- powder proof- light, active, young fellows: I dare say you have anticipated my scheme, which is to form ten companies at least, out of the very numerous body of hair-dressers...

 
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Wasting our time? This is a waste of time, to live in peace and plenty with my wife and children? May I waste the rest of my life, then.

 
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Modern technique, as Marx pointed out, fosters the concentration of capital, and the levels of profits is supported by a scarcity of enterprise which is not due to the real cost of risk-bearing, but to the scarcity of individuals who have anything to risk.

 
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If you are born into a poor family, if you are a woman you have seen the worst of poverty. In a cultural way in the families in Bangladesh it's the women who eats last. So if you have a scarcity in the family ... she misses out so everything comes in the raw deal for her. So , given a chance she works very hard to make a change to improve her life. And by training she is the most efficient manager of scarce resources. Because with the little resource she has, she has to stretch it as much as she can to look after the children, look after the family and everything else..unlike men - men want to enjoy right away. Whatever he got, whatever tiny bit of thing he got he doesn't care for much what's coming up.

 
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