This video is Part 3 of a 5 part series which explores the economic concept ‘scarcity’. Parts 3 and 4 of this series look at scarcity in regards to factors of production. There are four economic factors of production. They are as follows:
- Land
- Labour
- Capital
- Entrepreneurship
Part 3 of this series will only focus on land.
Land use
Land, as defined in economics, is more than just the soil we stand on. Land includes all natural resources, it even extends to the seas and oceans.
A key emphasis of this video is the usage of land for animal agriculture. The extent of wastage of land because of animal agriculture is rarely discussed or highlighted by experts, Government, or the media.
One third of the world’s ice free land is being used for livestock or livestock feed (Cowspiracy).
An omnivore diet requires 6 times more land than a vegetarian diet and 18 times more land than a vegan diet (Cowspiracy).
The direct land use by the meat and dairy industries is excessive but that is only one aspect of the problem with animal agriculture. Another aspect is the extent of the pollution caused by animals.
- 2,500 dairy cows produces as much pollution as a city of 411,000 people.
- Animal agriculture is responsible for 18% of greenhouse gases; this is more than all transportation combined.
The video explains how the meat and dairy industry monopoly power is used to keep prices down, influence Government and prevent the rise of vegan products.
Other sources of information
Part 1 of this series can be accessed using the following link:
Part 2 of this series can be accessed using the following link:
This 5 part series is the video version of the original 5 part series which can be accessed using the following links:
Scarcity Part 1 – Defining Scarcity
https://steemit.com/economics/@spectrumecons/scarcity-part-1
Scarcity Part 2 – Natural or Contrived
https://steemit.com/economics/@spectrumecons/scarcity-part-2-natural-or-contrived
Scarcity Part 3 – Meat and Dairy Land Use
https://steemit.com/economics/@spectrumecons/scarcity-part-3-meat-and-dairy-land-use
Scarcity Part 4 – Labour, Capital, and Entrepreneurship
https://steemit.com/economics/@spectrumecons/scarcity-part-4-labour-capital-and-entrepreneurship
Scarcity Part 5 – Possible Solutions
https://steemit.com/economics/@spectrumecons/scarcity-part-5-possible-solutions
Cowspiracy facts
http://www.cowspiracy.com/facts/
Cowspiracy Trailer
Meatonomics
▶️ DTube
▶️ IPFS