Part 6/8:
Gat asserts that AI will drastically redefine economics, naming transformations that could potentially eliminate many jobs, shifting the focus instead to productivity and automation. The pivotal effects of this shift include the need for universal basic income to provide financial stability in a rapidly changing world.
He warns that the foundational structures of capitalism may struggle to adapt, resulting in a divided society where the rich may become richer at the expense of the poor. Despite these challenges, Gat emphasizes that AI can push us toward progress in areas like energy and health care in ways that may once have appeared impossible.