History of Abundance

Throughout history, most major advances or changes in civilization have been advances that have created more abundance. Methods include technological advance, knowledge transfer, communication, transportation, exploiting new areas by controlling the effective environment, etc.

This list is endless but the point is that almost every invention and advance has increased the potential abundance of goods and services by making them faster, better and cheaper. We are rapidly entering the time that many goods and services can be made so cheaply that it is more profitable to give them away than to sell them.

Each of these technologies or advances was only possible due to previous inventions or technologies being combined to produce new products or services. When each new invention is created, it has the possibility to be combined with one or more previous inventions to produce even more new inventions. This means that the supply of new inventions, processes or ideas will never stop but can keep expanding forever.

It is somewhat unbelievable and defies common sense but for some goods and services, the more that are given away, the higher the profit.