We are post scarcity. From a technology viewpoint, it would be trivially easy to produce enough to give everybody a good standard of life. The only obstacles are political.

The Federation manages everything it does without being a post-scarcity economy too. Dilithium is a scarce resource and they need it to power their replicators.

We're just waiting for replicators.

No ism works. That's why everyone isn't using one system.

Okay, start the downvotes.

Tell that to the Ferengi...

We do need to change to be post-scarcity, though.

says the future where colonist land is given away to appease monsters.