I would define "post-scarcity" as when you organize your economic system to constrain supply in order to prop up prices.
For instance, the U.S. burns 30% of its corn crop to produce ethanol, which would never happen in a market system, but it happens because of a government mandate.
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I would define "post-scarcity" as when you organize your economic system to constrain supply in order to prop up prices.
For instance, the U.S. burns 30% of its corn crop to produce ethanol, which would never happen in a market system, but it happens because of a government mandate.