Elon Musk predicts humanoid robots could make traditional money systems obsolete:

Money measures value, not labour. So I doubt this will happen.

I’m sorry, but when it comes to macroeconomics, he’s completely illiterate. He doesn’t understand at all that the state and the central bank don’t operate like a household or a private company

Nothing Elon ever says is original thought or genius. It is all theory that has been discussed for decades. There were countless books and documentaries on these subjects 30 years ago and since. Money is a medium of exchange. It's not about scarcity. 👇

Should Trump and Musk take a wrecking ball to our govt? Senator Warren says they are already doing so.

Time to take @TheVenusProject seriously

Money just goes away and everyone claps

Long way of just saying prior to that there will be a scramble for real assets. Ofcourse its going to be an era of abundance cause cos structures will collapse. But goods and services does not equal real assets

Will it affect the distribution of wealth? Most likely. Not sure which direction it would be in though. But would it eliminate capitalism all together? Not a chance. New areas of human labour will emerge as essential needs are covered.

Yeah pretty much bcz they'd do everything #Elon #zelena #Tommavi #helevier #sstvi #GrandeFratello #uzaksehir #shailenzo #yulioli #bbvipal4 #BBB25       #zeudiners #Trump #WWE #NBA

i just want robots to do my laundry