AI Is Making Labour Redundant

Added: 2026-05-21

[00:00:00]What we're now going to need is a fundamental new economic system. In economics, there are four fundamentals that create value and it's called land, labor, capital, enterprise. So, land is feudalism. Labor and capital is socialism and capitalism. Our next economic system will be called an entrepreneurial system or an enterprising system and it will be a completely new economic system that we don't even have the words for, we don't have the understanding for. Right? So, in the same way that a feudal lord would not have understood what it was to be an industrialist with a production line in a factory, our brains are so used to capitalism, socialism as the only way that we just have no idea that there's an entirely new economic system. The issue with AI is it makes labor almost redundant in many respects and it also makes a lot of capital redundant. So, a lot of the things that we've developed, we don't need anymore. So, both of those things take a massive hit and then we'll need a completely new economic system.