There 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 MerkleOne of the concepts essential to molecular manufacturing is that of a self-replicating manufacturing system. That concept has lagged behind in its acceptance.
Ralph MerkleThe 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 Merkle