Elon Musk, a visionary leader in the technology world, made a striking prophecy regarding the exponential progress in artificial intelligence and robotic technologies. According to Musk, in just 12 years, by 2036, the central role of money in the current economic system will largely diminish and may even become irrelevant.

How Will the Economic Order Change?

Musk bases this prediction on the capacity of robots and AI systems to produce far more goods and services than humanity can consume. Should this scenario materialize, the abundance and near-costless production of even basic necessities and luxury items could fundamentally alter today's supply-demand and money-based economic balances.

• Production Surplus: AI-powered automation will exponentially increase production.
• Shift in Value Perception: The abundance of goods and services will weaken money's function as a store of value and medium of exchange.
• Social Impacts: This change could have profound effects on labor markets, social welfare systems, and many aspects of human life.

Musk's radical views elevate ongoing discussions about AI's future potential and its impact on human society to a new dimension.