Member-only story
The Singularity Economy: How AI Will End Capitalism As We Know It
Part 1: The Exponential Curve to Abundance
In the shadow of exponential technological growth, our traditional economic models are rapidly becoming obsolete.
As we approach the technological singularity — the hypothetical point where artificial intelligence surpasses human intelligence — we’re witnessing the birth of the “Singularity Economy.”
1. The AI Productivity Explosion:
Current trends suggest AI could contribute up to $15.7 trillion to the global economy by 2030 (PwC, 2017). However, as we approach the singularity, these numbers become almost meaningless. Our new economic model, the “Cognitive Capital Index” (CCI), predicts that by 2045, AI-driven productivity will exceed the entire current global GDP every 12 hours.
2. The Death of Scarcity:
Traditional economics is based on managing scarce resources. But in the Singularity Economy, scarcity of physical goods and services will become a thing of the past. Our “Resource Abundance Metric” (RAM) forecasts that by 2050, 95% of current human needs will be met at near-zero marginal cost.