Capitalism creates scarcity to generate profit. We live and have been living in a time of unprecedented efficiency productivity and abundance. Artifical scarcity is used to keep workers from resisting wage slavery.

[–] original_ish_name@latte.isnot.coffee -2 points 1 year ago (2 children)

Companies would rather sell more product then pretend for it to be rarer (except for stuff like diamonds but those are selled to rich, successful people anyway)

[–] Miqo@lemmy.world 4 points 1 year ago

That's such a naïve thing to say. Artificial scarcity is incredibly common and used as a marketing tool by nearly every industry. My favorite example is when digital content has "limited edition" copies.

[–] Viclan@beehaw.org 1 points 1 year ago

Literally what are you talking about??? Why would a company not enforce artificial scarcity, it means they have to produce less and their product is more valuable per item. It costs companies to produce more product, they’re not interested in selling a good product just anything that will keep profit margins high. If anything they’d lay off the actual laborers to keep their executives nice and comfy while “cutting costs” across the board. Why do we subsidize farmers to overproduce and we still have people suffering food insecurity?