The first approximation in this future that we're looking at is that everyone will be physically well off. They will have a great abundance in material goods, and as a consequence, I think that will soften some of the conflicts we see now.
Ralph MerkleThere are certain things that are inherently scarce. For example, there is only a certain amount of beachfront property in California. It is going to be scarce, it is going to be expensive.
Ralph MerkleBecause of technological limits, there is a certain amount of food that we can produce per acre. If we were to have intensive greenhouse agriculture, we could have much higher production.
Ralph Merkle