The Economic Collapse No One Is Talking About

Added: 2026-05-30

[00:00:00]All right. I think it's time to ask the doomer question cuz we've kind of danced around it, but so let just to kind of play devil's advocate a little bit and I'm not saying that this is how I feel, but let's just have the the thought exercise for those listening.

[00:00:12]>> Yeah.

[00:00:13]>> You talked about how like, you know, goods can be shipped basically no cost, right? Eventually right? We'll have all these all these tools that are basically powered by the sun. It'll move this. If that breaks, a little robot goes out and fixes it. So the whole economy that the whole world is basically built upon basically vanishes pretty much instantaneously, right? This span of a year most of those systems just will become totally obsolete.

[00:00:36]>> Yeah.

[00:00:37]>> And then you hear things from like the people at like World Economic Forum and all these other kind of like, you know, crazy powerful rich and, you know, like politically powerful or wealth powerful types of people who are like, you'll eat the bugs and love it and you'll own nothing and like it and all kind of stuff.

[00:00:52]>> Yeah.

[00:00:52]>> And I think about like in history just looking back I haven't can't think of a system where it was created where, you know, the the powerful didn't kind of like exert their force over the the average Joe, you know?

[00:01:07]>> Yeah.

[00:01:07]>> And so as you talk about all these things that are right now providing jobs even if they're not like ideal, it still gives like some basic subsistence to like the everyman, you know? If that all vanishes overnight and yes, we would then in theory have all this free time to then go do what we want to do, but what if they basically like and I don't know who they are, but whoever they are engineers the things where like well, we just don't need these people anymore, right? So I mean like this just opens a very dark door to people with really not a whole lot of things to keep them in check, you know, and we've seen like nasty examples of this already prior to these incredible tools being at their disposal.

[00:01:46]What's your kind of like maybe pushback on that kind of like doomer, you know, thought exercise cuz you know, I've just I personally seen a lot of things and I'm like, man, I just think this opens the door to a lot of things that would be better off never existing, you know? And again, you can't stop it, but I'd love to kind of hear your take take on this because you know, I just think it's unavoidable.

[00:02:06]>> Yeah, I mean, so we're probably not going to like you you're probably you Well, you might actually like my answers. Like, yes, it 1,000% opens the door, 100%.

[00:02:14]Absolutely. It becomes an absolute risk.

[00:02:16]Like, you just just extrapolate or it's a very easy way to like to extrapolate this is like, okay, it's sort of this becomes the accrual of of of the technology in the hands of very few people. If you are If you own the means of production, I'm going to use a socialist line, right?

[00:02:32]But if you're if you're let's use Elon and Tesla as an example.

[00:02:36]If Tesla ends up making 100 million robots per year and they easily have the the best robot on the planet and these robots can basically do anything in the physical world, okay? What's the point of a human doing that job in the physical world? Yes, zero. There's no point to have that human unless you want that human to do that job. I guess what, you're going to pay a premium for that. So, what does that mean? Only the richest will have access to paying other humans to do that job for them.

[00:03:02]Right? So, it becomes sort of this thing where if you if you're want a human that wants to do a job, then the price for that job goes up, right? And there only there there are very going to be very few humans that are going to want to pay extra to have a human do that job for them. Everyone else is going to want a robot. So, that's going to create more demand for the robots, which means more and more demand, more and more robots get built, and so more and more a company's going to have more and more robots at their disposal where they just own the they own the means of production. They own the labor. This labor just happens to be robotic instead of human. So, we basically, you know, this this company owns all the so-called slaves and they can do whatever they want, okay? And so, if they can do whatever they want, they have an unbelievable amount of power.

[00:03:45]They have an unbelievable amount of sort of like ability to shape the world in their vision.

[00:03:53]And do whatever they want. Okay, so what's stopping them from doing that?

[00:03:58]What's stopping them from doing that, right? Either government's going to have to get in the way and say, "Okay, we need to do redistribute this somehow or break you up or whatever." Or we have a lot more people building and it becomes a competition.

[00:04:12]It becomes a competition about, "Okay, who Who are the builders that can actually come in and make something happen?" And when you have competition, what does what happens then? The prices come down, things get better, and then all of a sudden you have a new economy.

[00:04:26]And this new economy can be shaped about what people actually want. This is This is why my point about people building is so unbelievably important because the less people are involved in building this future, the the future is going to look like how the people want it to look like that are in charge of building these systems. So, but but then let's flip it on the other side. Let Let me actually take the the positive side of this. You could have said the same exact thing about Rockefeller back in the day, right? You could have said the same exact thing about the whole railroad system and all the owning the petroleum system. You could have said the same exact thing about the East Dutch Indian Trading Company with the ships, right? and it became sort of this gigantic monopoly. We've had these uh breakthroughs of technology in the past where you have this one individual that becomes a significant percentage of the global GDP or or the global uh sort of output of products or services that disrupts the world order in a sense. But then that technology gives ways gives way to a brand new economy that we didn't think was possible, okay? So, it >> Yeah, like the whole Jeff Goldblum life uh finds a way, you know?

[00:05:36]>> Life finds a way.

[00:05:38]>> And unfortunately, that's that's >> cuz we're kind of like [laughter] we have our veil of what we know today, but yeah, that >> It's a shitty answer, honestly. It It It But it It's It's a shitty answer because it's because the the bad outcome looks a lot more clear than the good outcome. It does, you know? But the flip side of that, what I would say is what we're doing right now was impossible 100 years ago.

[00:06:00]Okay? And 100 years ago, this type of technology will not only be impossible, but if we think about, okay, like who are the individuals that are driving this technology, we would have been like, "Oh, no, this is terrible. You can't have You can't have Sergey Brin and your Mark Zuckerbergs and your blah blah blah your Elon Musks. They have way way way way way way too much power. This is crazy." But then you look around, you're like, "Okay, do you prefer living 100 years ago? Do you prefer living now?"

[00:06:28]Right? And so what are the things that were offshoot from that from those technologies actually propagating through the world? I own my own media business that would have been impossible to do not even 10 years ago. And I have full independence over my time. Like, you know, >> Exactly.

[00:06:41]>> Even even 15 years ago, you would have had like a production company, all kinds of crazy video stuff, and yeah.

[00:06:46]>> Yeah, so I'll give you another example.

[00:06:48]Um I did this for one of my videos. The shipping container.

[00:06:53]So the shipping container was one of the craziest breakthroughs of all time. So before the shipping container was a thing, transporting goods from one country to another was unbelievably expensive because every everything was loaded and handled on a ship, and nothing was cubed out. And so transporting goods from one place to another was like the dumbest most inefficient thing of all time. Once the shipping container innovation came through and you were able actually to cube things and stack them on each other, the cost per trans for unit of transport plummeted to a point where we are the entire global economy exploded.

[00:07:31]It 100x. But what was one of the downsides from that?

[00:07:35]A lot of the jobs went to China.

[00:07:38]A lot of the jobs to manufacture those goods went to China because now the transport costs plummeted so much that it would make sense to use, you know, $2 an hour labor in China versus $15 an hour labor here, okay? But the flip side of that is that, okay, now we have everything we have around us. So it's like So all these things are They're very gray.

[00:07:57]They're very gray.

[00:07:58]>> the world, just like our human physiology, tries to have like homeostasis. It's kind of like a lot of this stuff is kind of always seeking homeostasis anyway, so >> Yep. And then we have entropy, too, right? So entropy >> Yeah.

[00:08:10]>> Entropy is going to keep like entropy is a law of the universe is like you're always going to have disorder until you put in the effort to actually create order. So that's why people have to take an active part in building the future because if you don't have an active part in building the future, entropy is going to take over, shit's going to get messy, and you're going to be outside You're not going to be in control. So you have to be in control by putting in effort.

[00:08:32]You have to put in effort to shape the future for yourself and your family and the world so that it's actually as closely aligned as possible to what you think a good future should be. And you can't do that without effort. Otherwise, it's going to be completely out of control.

[00:08:44]>> Yeah.

[00:08:45]>> Building will will make it the great equalizer, essentially.

[00:08:48]>> Exactly. Yeah.

[00:08:49]>> All right, good stuff, my man. You definitely kind of eased a little bit of my my tension on that one, so well done.

[00:08:55]You know, I guess what Just with with this whole conversation, kind of like let's let's tie a nice bow on this.

[00:09:00]What's your like one, you know, thing of encouragement for all the dads listening as we just step forward into the great beyond here with the the world of AI coming up?

[00:09:09]>> Don't be afraid. Try not to be afraid.

[00:09:11]Embrace it. It's going to happen anyway.