Hacker News new | ask | show | jobs
by palmfacehn 542 days ago
Petroleum fuel oils eclipsed coal for transportation purposes, due to the ease of operation. Initially, readily accessible surface petroleum was viewed as a nuisance which devalued land. Oil exploration only became profitable because these readily accessible resources were exploited and monetized.

Similarly, tin mining developed during antiquity. As easily accessible surface deposits were exploited, new sources were tapped from Cornwall to Bactria.

Scarcity theorists overlook the human element. Humanity itself is our greatest resource. Increases to our standard of living drive productivity gains. Leisure time offers opportunities for our ingenuity to solve additional problems. When measured by the decentralized markets, these endeavors further increase human productivity. The cycle continues and we all benefit.

https://en.wikipedia.org/wiki/Tin_sources_and_trade_during_a...