What if economics is wrong about scarcity?

Video Description

The foundation of modern economics is that resources are scarce. But what if that simply isn’t true? In this video, I explore how the assumption of scarcity drives inequality, stress, and unsustainability – and what a post-scarcity economics could look like. TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk/Blog/2025/07/28/what-if-economic-scarcity-is-a-lie/ IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/ HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurphy.bsky.social OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060 PLAYLISTS: The Wealth Series https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD Ecenomics https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4 Britain https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10 Tax https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY MMT https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX Money https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m Climate Change https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ USA https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H Labour https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw The Trump Administration https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx #Economics #ScarcityMyth #PostScarcity #AbundanceEconomics #EconomicJustice #SustainableEconomy #ResourceAbundance #RethinkEconomics #EconomicReform #SystemChange #Inequality #FairEconomy #AccessForAll #MarketsAreRigged #MonopolyPower #WealthInequality #ProfitOverPeople #HousingCrisis #PharmaProfits #HealthcareForAll #RenewableEnergy #EnoughForEveryone #FoodSecurity #SustainableLiving #GreenEconomy #FutureOfEconomics #HappinessEconomy #WellBeingOverGDP #EconomicPhilosophy #SocialJustice #EconomicDemocracy #PublicGood #CollectiveProsperity #EconomicFreedom #NewEconomics #GlobalJustice #PlanetaryBoundaries #EthicalEconomics #ResourceAllocation #Equality #EconomicTruth #StopScarcityMyth