Monday, June 30, 2008

The Value of Natural Resources vs. The Value of a Human

Advances in technology and changes in human population affect the relative value of natural resources to the value of a human.

Here are things that raise the relative value of Natural Resources:

  • An increase in population increases the demand for natural resourses.
  • An increase in population also intensifies the competition between people, bringing down the value of a person.
  • Advances in technology also intensify competition, bringing down the value of a person.
  • Advances in technology find new uses for Natural Resources, increasing demand.
Here are things that lower the relative value of Natural Resources:
  • Advances in technology make usage of resources more efficient.
  • Advances in technology creates substitutes for Natural Resources.
  • Advance in technology increases the value of someone effectively educated.
  • Advances in technology encourage cooperation, instead of competition.
It may be that effectively educated countries with abundance of Natural Resources will overturn the existing balance of wealth and power.

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