scott s. Wrote:
Feb 02, 2013 6:49 PM
Well, that is point -- the assumption that they "become scarce". Contrary to your assertion raw materials typically are UNconcentrated and require an industrial process to convert them by concentrating or combining with other resources to make them useful. The amount of resource is essentially unlimited. It's just a question of cost of creating utility from them. And for that the market is a much better mechanism, than some "expert" predicting the future.