Money is just a representation of value, and value exists in every socioeconomic system past, present or future, with or without money, with or without AI.
It’s plausible to imagine a perfectly egalitarian world where a robots do all the work to provide human needs. But human wants, and human social status seeking, are insatiable, so the idea that there will be no value in a world full of robots doesn’t hold water. 30 seconds after we are all equal, someone will do something different than someone else, and we will be off to the races, reinventing a status hierarchy, replete with higher and lower valued objects, tasks, behaviours etc.
Money only has subjective value, its worthless to the people in Amazonian tribes.
Money is just a representation of value, and value exists in every socioeconomic system past, present or future, with or without money, with or without AI.
It’s plausible to imagine a perfectly egalitarian world where a robots do all the work to provide human needs. But human wants, and human social status seeking, are insatiable, so the idea that there will be no value in a world full of robots doesn’t hold water. 30 seconds after we are all equal, someone will do something different than someone else, and we will be off to the races, reinventing a status hierarchy, replete with higher and lower valued objects, tasks, behaviours etc.