Earlier quoted context omitted.
There are different kinds of scarcity. I remember a time when people would "charge what it's worth" instead of "what they could get". Decency imposed self-restraint on those who were in a position to take advantage of a buyer. It was also the tail-end of the American era of employer-employee loyalty that went both ways . Those who famously violated those norms were looked down on, not admired. The American medical in…
There's a line in one of my kids' Bluey books that says "Do you want to win, or do you want the game to continue? Because sometimes you can't have both." I feel like that's sorta where we are in America. In the glory days of the 50s-70s, people wanted the game to continue - they were willing to sacrifice a little bit of winning for the sake of keeping the system intact. Then starting in the 80s, people gradually star…
Perhaps a more mathematical framing looks to game theory, a la John Nash. In the prisoner's dilemma two equilibrium exist, the "good one" where the prisoners cooperate, and the "bad one" where they both defect. Good and bad is determined by summing the outcome value for both prisoners. Social norms help stay in the "good" equilibrium despite the occasional defection. Once the defectors learn how personally profitable it is to defect, it becomes common practice, the norm changes, and the society as a whole has switched from one equilibrium to the other, and society is, overall, much worse off. The path from good to bad equilibrium is incremental, cumulative, just like pollution. It's less clear to me what the incremental, cumulative path is going the opposite direction.