Musk and Diamandis describe an AI economy where scarcity and labor both fade
r0ck3t23 · x · 2026-07-24
- Elon Musk and Peter Diamandis are described as arguing that AI and robotics could end scarcity-based economics.
- The thread claims labor will become mostly an electricity-and-capex cost, with intelligence available at near-zero marginal price.
- It says product prices would fall toward raw materials and electricity, while productivity could rise to high double digits and make traditional economic measurement less useful.
- The broader claim is that markets, wages, taxation, and supply chains all exist to ration scarcity—and AI may invalidate that assumption.
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