Washington, USA – The statements of American billionaire Elon Musk have sparked widespread controversy, as he predicted that by 2036 the world will witness a radical transformation that may reduce reliance on money in its traditional form,
with the rapid development of artificial intelligence and automation technologies,
which may reshape the global economy, the labor market, and patterns of production and consumption.
A new technology-led economy
Musk believes that significant progress in artificial intelligence and robotics could lead to
an unprecedented abundance in the production of goods and services,
reducing production costs and changing prevailing economic concepts,
with technology becoming the main driver of the economy, while the role of traditional money declines in some sectors.
Expected changes in the labor market
This vision suggests that artificial intelligence may take over an increasing number of tasks currently performed by humans,
prompting governments and companies to seek new economic models that ensure resource allocation
and maintain living standards, in light of expected shifts in the nature of jobs and work methods.
Predictions that spark controversy among experts
Despite the ambition inherent in these projections, economists and technology experts
emphasize that achieving a cashless world within the next decade remains
a hypothetical scenario facing significant challenges related to financial systems,
regulations, and economic disparities between nations.
Nevertheless, the accelerating pace of innovation in artificial intelligence,
digital currencies, and automation continues to fuel extensive discussions
about the future of the global economy and the shape of life in the coming decades.
