Yes, a new economic system will have to be devised for an era of abundance, although I think that is still quite a ways away, even with an AI-accelerated timeli

Yes, a new economic system will have to be devised for an era of abundance, although I think that is still quite a ways away, even with an AI-accelerated timeline. (Robots and abundant compute and unlimited energy will be severely constrained by logistics for a long time yet.) But on this point I think there is some nuance: > Value Is strictly related to scarcity. Value is extremely subjective. Trivial example, going for a hike in a park is effectively free and unlimited and many people enjoy it. Monetizing that value may require scarcity though. (There are surely exceptions, but I can't think of any offhand.) To extend the example above, that's when you put a fence and an entry fee around the park. That's why I said AI lets you create value without capital. Creating wealth out of that value is left as an exercise for the reader ;-)