On July 24, Elon Musk was interviewed by The Economist’s editor Zanny Minton Beddoes. The 85-minute discussion ranged from Musk’s business ventures to the war in Ukraine, China’s technological power and the immense capabilities of artificial intelligence.
Pressed by Beddoes on how his companies will make money in the future, he boldly prophesied that “money won’t matter in 2036”. Musk proposed that within a decade, money for “food, housing, transport, entertainment” will be overabundant. That will be a time where “the robots and AI are providing more goods and services than any human could possibly consume”. And it will produce so much, scarcity will be virtually eliminated, resulting in “incredible abundance for all”.
