How to Create Artificial Scarcity

So I just got chased out of a dumpster full of books by a staffer of Half Price Books, which just went out of business.

Two things to note:

1. This is an example of how capitalism incentivizes firms to create artificial scarcity. Plenty of people (e.g. Books to Prisoners) could use those books, but Half Price Books is destroying them because giving them away would decrease demand for their other books. I believe this is standard practice at most bookstores.

2. The staffer who chased me out didn’t seem like an inherently bad guy; he was just an employee following orders. This is an example of how wage-labor erases people’s moral agency, causing employees to do terrible things (e.g. torture POWs) that they would never do as private citizens.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: