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EconTalk

Michael Easter on Excess, Moderation, and the Scarcity Brain

Oct 30, 2023
Michael Easter, author of 'The Scarcity Brain' and 'The Comfort Crisis,' dives into the psychology behind our struggles with moderation in a world full of temptations. He unpacks how our brains, shaped by evolution, respond to scarcity and abundance, influencing our consumption habits. Discussing the addictive nature of social media and gambling, he emphasizes the need for mindful engagement. Easter also reflects on minimalism, urging the shift from mindless consumerism to meaningful choices in pursuit of true happiness and fulfillment.
01:08:05

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Corporations and technology exploit the scarcity brain, making it difficult for us to moderate consumption and pushing us toward excessive behaviors.
  • The scarcity loop, consisting of opportunity, unpredictable rewards, and quick repeatability, drives compulsive behaviors in various aspects of our lives.

Deep dives

The Scarcity Brain and the Power of Technology

The podcast explores the concept of the scarcity brain, which refers to the feeling that we can never get enough. It delves into how corporations and technology have exploited this mindset, making it harder for us to moderate our consumption and pushing us toward excessive behaviors. The podcast highlights how developments like slot machines in the gambling industry have leveraged the scarcity brain by making the rewards unpredictable and increasing the speed of gambling. It also discusses how social media, dating apps, and even the financial system use similar techniques to keep us engaged and seeking more.

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