Scarcity Solutions Debate

Both videos are really interesting as they give different perspectives on how to solve the scarcity of resources problem. But neither of the two solutions is better that the other as they both have positive and negative sides. However, both ideas complement each other.

Gilding focuses on the effects of growth and states that controlling growth would be the key for solving scarcity. Nevertheless, I seriously question our ability to maintain our current economic policy of continuous growth and not hit major environmental, monetary or governmental problems. On the other hand, Diamandis focuses on technology and states that abundance is our future. Still, I think that we would not be able to invent our way out of the crisis on time. Since, an individual simply is not going to be able to do the vastly complex science and design on their own as it requires huge budgets and immensely expensive equipment.

But if both ideas come together, they may form the perfect solution for the scarcity problem. Thus, controlling the source of the problem (growth) and creating and implementing technological solutions for the problem would definitely be the best option.