the cycle doesnt end because our immediate needs are met

What do you mean?

there arent any limitations

if rate of change of supply is greater than rate of change of demand assuming both values are sustainable at the start then there is no way it can stagnate assuming constant influx

Vienna blacks ok

Not really my type

it stagnates because of a lack of competition

why so?

People would have needs and demands and aspirations and they would establish their workplaces to follow suit and produce at quality

The quality of goods wouldn't be limited to what is profitable

exactly

but that doesnt mean its the end

Of course not, it'd just be a net increase in quality, difference is needs would consistently be met?

there will always be more to gather more to explore more improvements to be made

Right

so you can establish that standard but not much beyond that

That's not necessarily true if the aim is to perfect it and if there is a demand for better iterations of product?

any development would be very slow no incentive to innovate no competition to drive innovation

Does development solely stem from competition?

a system based in personal production continues this while still maintaining that standard

so why sell yourself short?

This comes from the assumption that development solely stems from competition and that market competition is the only form of competition substantial to development

i never said that

i said your system would be inferior not impossible

No no I get that

but how would your system maintain the value of products if ever user has their own means of production?

not everyone produces the same thing

without labor how would one accumulate currency to begin with?

im not a communist

I mean without working how would someone earn a wage to earn start a transaction in such a future where everybody has a means of production?

a cycle would start

there would be initial investments into the automation then it would just switch hands and receive improvements from there

If anything completion limits innovation

Competition

So everyone has a means of production and everyone can transfer their goods for currency

yep

this currency can be used to purchase goods from others

You need to produce profit

yep

Which means you need to cut innovation

why would this be needed post scarcity if anybody could just make the same product?