If resources and opportunities are not perfectly distributed, the best advancements may remain limited to the wealthiest, making capital the key determinant of access.
Largely agree. Nuance: Instead natural resources may quickly become the key bottleneck, even more so than what we usually denote ‘capital’ (i.e. built environment). So it’s specifically natural resources you want to hold, even more than capital; the latter may become easier, cheaper to reproduce with the ASI, so yield less scarcity rent
An exception is of course if you hold ‘capital’ that in itself consists of particularly many embodied resources instead of embodied labor (with ‘embodied’ I mean: inputs had been used in its creation): its value will reflect the scarce natural resources it ‘contains’, and may thus also be high.
Largely agree. Nuance: Instead natural resources may quickly become the key bottleneck, even more so than what we usually denote ‘capital’ (i.e. built environment). So it’s specifically natural resources you want to hold, even more than capital; the latter may become easier, cheaper to reproduce with the ASI, so yield less scarcity rent
An exception is of course if you hold ‘capital’ that in itself consists of particularly many embodied resources instead of embodied labor (with ‘embodied’ I mean: inputs had been used in its creation): its value will reflect the scarce natural resources it ‘contains’, and may thus also be high.