If AGI gets invented and the requirement for labor goes away, even if not fully, then all bets are off - the entire economy, everywhere, collapses. The fundame

If AGI gets invented and the requirement for labor goes away, even if not fully, then all bets are off - the entire economy, everywhere, collapses. The fundamental underpinning of capitalism as an ideology is that people must work for compensation. As soon as that is no longer true, capitalism as an ideology and system no longer works at all, in any way. That means markets no longer exist, you no longer own your home, and as the intersection of economy and politics, it's highly likely laws no longer apply.