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Sell Holes, Not Drills

April 17, 2017

children's fire truckThere’s an article in today’s San Francisco Chronicle that made me remember a cute story about sharing – or not:

Tommy and Johnny were four-year-old twins. One day they were playing on the floor when Tommy asked Johnny, ‘Do you want the big red fire truck right now?’ To which Johnny replied, ‘Not unless you do.’

The underlying idea, of course, is that we don’t come into the world wanting to share.

Indeed, most of our economic, social, and even military history is based on a world of scarcity. In a capitalist or free market society, the economic value of goods and services is determined by the balance of supply and demand; when something desirable is scarce, we are willing to pay more for it. And when something is plentiful, or in abundance, its price typically drops.

Of course, none of us lives in a pure free-market world, though most of us pay homage to that concept all the time. It also turns out that we are using up many things we’ve always thought were just there to be shared to our hearts’ content – like clean air and water.

But this is not about to become a political rant.

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