Resources are infinite. This may seem to be a special case of the first conclusion, but it warrants separate discussion. Resources are infinite because a person will inevitably find something to satisfy any dissatisfaction. Notice how different the practical actions dictated by understanding this conclusion are from those dictated by not understanding it.
Understanding the infinity of resources is infinitely far from the assertion that “there will be enough oil for everyone and for a long time” or any other foolishness of that kind. Understanding the infinity of resources in practice leads to understanding that some resources will be replaced by others when necessary, and that this will happen with the least possible disruption. And the cause of this will be price. The rarer a resource is, the more expensive it is and the stronger the motivation to find a replacement for it. Therefore, the infinity of resources means free prices for them, and this, in turn, leads to the idea that resources should be in private hands, because only in this way can a real price be obtained.
Not understanding the infinity of resources creates the need to protect and ration their consumption. This leads to directly opposite behavior — the desire to nationalize everything immediately and take control. This behavior is dictated, once again, by the belief that there are “objective needs” that absolutely must be satisfied.
We live in a country that is a vivid illustration of where such a policy leads. The “objective needs” of our amazing industry for gas from the first days of independence forced our state to monopolize gas purchases (this is the same as nationalizing resources). These needs forced our governments to fight with all their might to keep the gas price as low as possible. As a result, gas consumers did not undertake any energy-saving measures, search for other technologies, and so on — why would they? In the end, the price still rose (it could not have been otherwise), and at the same time we were left with energy-intensive industry and expensive gas.