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Prosperity threatens the way of life. i'm skeptical as it economist john by dry. he says we should be glad china is doing well. what is the threat? >> the threat is the fact that resources are not infinitely abundant. resources are basically scarce and we live in a world in which all resources are dependent. all you need is one scarce resource and everything else becomes scarce. we focus on oil and it is backing scarce. copper is becoming scarce. goldman, sachs the other day. >> john: the new york times said in 1973 experts say the world will have virtually run out of oil by the world 2000. pe...

Prosperity threatens the way of life. i'm skeptical as it economist john by dry. he says we should be glad china is doing well. what is the threat? >> the threat is the fact that resources are not infinitely abundant. resources are basically scarce and we live in a world in which all resources are dependent. all you need is one scarce resource and everything else becomes scarce. we focus on oil and it is backing scarce. copper is becoming scarce. goldman, sachs the other day. >> john: the new york times said in 1973 experts say the world will have virtually run out of oil by the world 2000. pe...

I'm skeptical as it economist john by dry. he says we should be glad china is doing well. what is the threat? >> the threat is the fact that resources are not infinitely abundant. resources are basically scarce and we live in a world in which all resources are dependent. all you need is one scarce resource and everything else becomes scarce. we focus on oil and it is backing scarce. copper is becoming scarce. goldman, sachs the other day. >> john: the new york times said in 1973 experts say the world will have virtually run out of oil by the world 2000. people are always saying things are scar...

John by dry. he says we should be glad china is doing well. what is the threat? >> the threat is the fact that resources are not infinitely abundant. resources are basically scarce and we live in a world in which all resources are dependent. all you need is one scarce resource and everything else becomes scarce. we focus on oil and it is backing scarce. copper is becoming scarce. goldman, sachs the other day. >> john: the new york times said in 1973 experts say the world will have virtually run out of oil by the world 2000. people are always saying things are scarce and with human in genuity w...

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