How should society view resources like fresh water and phosphorus?

The most appropriate view of resources like fresh water and phosphorus is that they are limited resources that, if not managed properly, can become scarce over time. Fresh water is a critical resource that is essential for human survival, agriculture, and industry, yet it is unevenly distributed around the globe. As populations grow and climate change intensifies, the pressure on these resources increases, leading to potential shortages.

Phosphorus, on the other hand, is a finite mineral resource primarily used in fertilizers. While it is not "used up" in the same way as a fuel, its availability can decline due to over-extraction and environmental impacts. Since phosphorus cannot be synthesized and is crucial for food production, its scarcity poses a significant risk to global food security.

Viewing these resources solely in terms of price points overlooks the complex socio-economic and environmental issues surrounding their availability and sustainability. Pricing mechanisms alone cannot adequately address the challenges posed by diminishing supplies, nor can they account for equitable access for all populations. Hence, the perspective that emphasizes the limited nature of these resources highlights the necessity for sustainable management practices to ensure that future generations can access them.