American billionaire Elon Musk has predicted a future characterized by near-universal high income, alongside a potential gradual decline in the importance of money or work, driven by the massive expansion of economic and productive capabilities.
Alluding to a sci-fi-like world—free from toil, resource scarcity, or the need for currency—Musk explained in an interview with China Media Group on Friday that if the economy expands to the point where the production of goods and services vastly exceeds the needs of the global population, humanity will enter what he termed an "age of abundance," where available resources surpass actual consumption. He added that grasping such a future is challenging, as human evolutionary history has long been defined by scarcity and constraints; humans have spent ages grappling with shortages of food, heating, and other essentials, making the concept of universal abundance difficult to envision at present.
Musk speaks of a sci-fi-like world: no money, no work, and immense abundance.
