Sunday, October 25, 2020

What Need Money Then?

Automation will not replace work, at least not in the near future. There will always be work for humans, or augmented humans to do - just not drudgery and repeatable task work. 

Automation, however, could render money obsolete within the next 20 years. 

Machines that gather and refine raw material, then process, assemble, and distribute finished product, could be made that produce almost all material goods needed to maintain high quality life within the next 20 years. Operated and maintained solely by AI and AI directed repair apparatus these machines could produce our homes, clothing, transportation, energy, toys, and food without human intervention. Self repairing machines with their own energy source would produce all the necessities of high quality life for free. What need money then? 

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