Most likely then the bar for basic needs increases. If all needs are fulfilled regardless, then we have moved from scarcity economy to abundance economy, in wh

Most likely then the bar for basic needs increases. If all needs are fulfilled regardless, then we have moved from scarcity economy to abundance economy, in which case capitalism breaks down (and that's the basis for communism/socialism actually). Note that the main importance of capitalism is a way to efficiently distribute resources, in an abundance economy, we don't have to do that efficient either.