Elon Musk: Automation Will Force Universal Basic Income


"Automation on large scales will absolutely change everything. The going term right now is the rise of the “post-scarcity economy.” And, while I know that sounds boring as hell, for you it means that in the not-too-distant future, money won’t matter and all of our economies will totally collapse. And yeah, I’m serious.

Post-scarcity is something that we should all be able to at least kind of understand. Traditional economies work because things are rare. Food, for example, isn’t infinite. If it was, it’d be free. After all, how could you charge for something that is unlimited? Like air? Or the sun? There’s no practical way to do that."


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