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Will AI Finally Break Capitalism? A Look to the Future
Now, having sat through countless governmental meetings at all levels over the decades, listening to discussions on economic policy and reform, I’ve come to realize that we’re falling behind massively in the age of AI. The rapid advancements in artificial intelligence demands a rethink of our traditional economic frameworks to avoid being left in the dust or ultimately…..unemployed.
We stand on the brink of a technological revolution powered by artificial intelligence, the ensuing questions in this regard are: How is AI’s ability to replace human labour (on a much larger scale than ever before) going to impact the very foundations of a capitalist system that has become intrinsically rooted in human labour and human consumption?
This is my view point of the pressing challenges I can foresee; AI presents to traditional economic models, including potential disruptions in tax systems and a move closer toward zero marginal cost. It is, again, all with the view to pushing policymakers and the general public toward the consideration of change from a forward-looking perspective, which encourages early adoption to some of these unavoidable changes.
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