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	<title>Matt ReyesMusic | Matt Reyes</title>
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		<title>What is false scarcity?</title>
		<link>http://www.mattreyes.com/2009/07/06/what-is-false-scarcity/</link>
		<comments>http://www.mattreyes.com/2009/07/06/what-is-false-scarcity/#comments</comments>
		<pubDate>Tue, 07 Jul 2009 03:32:31 +0000</pubDate>
		<dc:creator>Matt</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Change]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[false scarcity]]></category>
		<category><![CDATA[Music]]></category>
		<category><![CDATA[oil]]></category>

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		<description><![CDATA[Here are a few examples of false scarcity: Pop music.  For as long as radio has been around, there has been little to no real distribution of music.  Why? Well, radio was (and still is) based on a top-down medium.  Crowdsourced services like Last.fm, Pandora, and, to an extent, MySpace, have proved success and have finally found real markets to serve.  For proof, check out Last.fm&#8217;s blog post of Most Unwanted Scrobbles. Talk about a false scarcity for music. Energy.  Of course.  What is more top-down than the OPEC mafia? I really do not believe how they can set the prices they set for their markets.  It seems as if real-time supply and demand are at their fingertips, when it really isn&#8217;t. Furthermore, innovation for new sources of energy were stifled throughout much of the 20th century (ahem, car companies, et al.). News.  I&#8217;m not talking about investigative journalism (which can be scarce at times), but the other 90% that occurs in our daily lives. Currency.  Douglas Rushkoff (when can&#8217;t I not quote him in a blog post?), brings up great historical truths about economies of abundance that existed in the mythical &#8220;Dark Ages&#8221;.  It wasn&#8217;t until after the Aristocracy [...]]]></description>
			<content:encoded><![CDATA[<p>Here are a few examples of false scarcity:</p>
<ul>
<li><strong>Pop music</strong>.  For as long as radio has been around, there has been little to no <em>real</em> distribution of music.  Why? Well, radio was (and still is) based on a top-down medium.  Crowdsourced services like <a href="http://last.fm/">Last.fm</a>, <a href="http://pandora.com/">Pandora</a>, and, to an extent, <a href="http://music.myspace.com">MySpace</a>, have proved success and have finally found real markets to serve.  For proof, check out Last.fm&#8217;s blog post of <a href="http://playground.last.fm/unwanted/">Most Unwanted Scrobbles</a>. Talk about a false scarcity for music.</li>
<li><strong>Energy</strong>.  Of course.  What is more top-down than the <a href="http://www.opec.org/home/">OPEC mafia</a>? I really do not believe how they can set the prices they set for their markets.  It seems as if real-time supply and demand are at their fingertips, when it really isn&#8217;t. Furthermore, innovation for new sources of energy were stifled throughout much of the 20th century (ahem, car companies, et al.).</li>
<li><strong>News</strong>.  I&#8217;m not talking about investigative journalism (which can be scarce at times), but the other 90% that occurs in our daily lives.</li>
<li><strong>Currency</strong>.  Douglas Rushkoff (when can&#8217;t I not quote him in a blog post?), brings up great historical truths about economies of abundance that existed in the mythical &#8220;Dark Ages&#8221;.  It wasn&#8217;t until after the Aristocracy gave the merchant-class bourgeoisie titles to industries that currency <a href="http://lifeincorporated.net/">became scarce&#8230;falsely</a>.</li>
</ul>
<p>There are more (diamonds, transportation, etc.), but thank goodness we have <a href="http://en.wikipedia.org/wiki/Internet/">something</a> that helps alleviate this problem left over from the Renaissance.  Collaboration will almost always trump any false economic models.</p>
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