We're not there yet. When we reach a level of automation where there aren't enough people to sell goods and services to because there aren't enough jobs (and w

We're not there yet. When we reach a level of automation where there aren't enough people to sell goods and services to because there aren't enough jobs (and where conversely, there aren't enough jobs to realistically expect a given person to use wages to pay for necessities like food, housing, and clothing), we'll have reached a stage where capitalism is no longer viable as a way to generate or distribute value. We're on that path, and some of the cracks are beginning to show. But capitalism isn't obsolete. If anything, it's reaching a crescendo. Whether the current form is a good thing for the vast majority of the world's population is open to debate. But that has nothing to do with obsolescence.