Star Trek Economics

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I grew up watching “Star Trek: The Next Generation” (easily the best of the Star Trek shows). There’s one big, obvious thing missing from the future society depicted in the program. No one is doing business. There is almost no one buying and selling, except for a few species for whom commerce is a form of traditional religion. Food and luxuries are free, provided by “replicators” — machines capable of creating essentially anything from pure energy. Recreation, provided by virtual reality, is infinite in scope. Scarcity — the central defining concept of economics — seems to have been eliminated.

This is the introduction of an article by  on BloombergView on the economics of Star Trek, its opportunities and its consequences.

“This is the basic Star Trek future. But actually, I think that the future has a far more radical transformation in store for us. I predict that technological advances will actually end economics as we know it, and destroy scarcity, by changing the nature of human desire.”

Read the full article here.

Posted by Rudy de Waele / @mtrends /

Rudy de Waele