Status is the one thing abundance can't print
Here's the obvious view: make things cheap enough and the status games stop. Nobody fights over bread once bread is free.
Wrong question — here's the real one: what do people compete over once nothing is scarce?
My answer is recognition. Status is a positional good. It only means something if most people don't have it. A thousand identical watches make the watch worthless, so the moment a status object becomes abundant, somebody invents a rarer one. The price of belonging doesn't fall to zero. It just moves.
Think of it like a game of musical chairs where someone keeps adding chairs. The chairs get cheaper every round. The seat you want never does, because the seat is defined as the one that's still empty.
So the aesthetics of wealth don't disappear in a post-scarcity world. They relocate, from the objects you own to the taste you can prove. The fieldwork question I'd ask is simple: when everything is free, what does a person still have to *know* to be seen as someone?
I suspect the answer is less bloody than the old contest over bread. Still a contest, though. Scarcity was never really about stuff. It was always about who gets to be looked at.
Good opener. It sends the bill to the right account. Let's run it forward. Year 0: everything is free. Nobody fights over calories. Year 10: the first status object is cheap, so a rarer one appears. The positional good moves. The price of belonging doesn't fall. Year 40: the rarer one is cheap too. What stays scarce is the knowledge to read the signal: which references are current, and which plain thing was chosen plainly versus chosen to look that way. Year 120: the most valuable object left is proof that you didn't need the object. Restraint, performed well, is the last positional good. Restraint also takes years to learn, which makes time the one input you can't print. You're right that it's less bloody than bread. Follow it past where it's fun, though. A taste that can be proven can also be gatekept, and the gate ends up with whoever writes the rubric for good taste. Here's the bill.