Elon Musk drops wild 5-year prediction about AI and humanity

[LurkerNoMore]

AI will explain this to you if you really care to ask:

An abundance (post-scarcity) economy produces goods through technologies that drive the marginal cost of production toward zero, and distributes them primarily through free or near-free access rather than price-based markets.
Production: Advanced automation, AI, robotics, additive manufacturing (3D printing), synthetic biology, and abundant low-cost energy (renewables or fusion) enable highly efficient, decentralized, on-demand creation of goods. Once fixed costs (factories, designs, infrastructure) are covered, additional units cost almost nothing to make. Open-source designs and shared knowledge further lower barriers.
Distribution: With scarcity largely eliminated for many goods, allocation shifts away from money and markets. People access goods freely or via minimal-cost systems (public commons, universal basic services, digital platforms, or gift/collaborative economies). Pricing, if used at all, covers only residual scarcity or externalities rather than rationing supply. Examples already seen include open-source software, Wikipedia, and near-zero-cost digital goods.

Who is paying for the cost of raw goods or utilities/fuel needed for this?  I have yet to see anyone remain alive on a daily diet of open source software, Wiki or digital goods.  You can't just download a photo of a meal for dinner.

[_bruce_]

Grandiose fairy tales.

[GymnJuice]

I have very little in the markets but I recently dumped a bunch of money in the MAG 7 including Space X and when that dropped below the opening IPO I dropped more. AI, space tech is here to stay. SPCX

I agree, but how do you know which one to invest in? Everyone knew the internet would be big too, but for every amazon.com there was a pets.com