Have you ever thought how the world economy would look like in the future? I mean, once geopolitical conflicts come (Russia-Ukraine, Israel-Hamas, etc) to an end and inflation levels are "stabilized"? As we enter the digital realm, the economy will change in ways that were never thought possible. The emergence of AI, Quantum Computing, and Blockchain tech, will user in a new era of finance. AI will overtake most human jobs, while Quantum Computing will lead the role in automation and the discovery of cures for new diseases (with its vast computational power). Meanwhile, Blockchain will enable easy tracking of global supply chains, keep CBDCs in check, and more.
Most people will live off a basic salary paid by the government (otherwise known as Universal Basic Income), while AI will do all the work for us. Elon Musk held several talks about UBI, while Bill Gates predicted AI will overtake most jobs perfomed by humans in the future. Global population within 10-20 years from now will diminish due to low birth rates. We will live in a world where we won't truly own anything, as companies will have the power to decide what you will use and when to use it (like some sort of rent). With RWAs (Real World Assets) and NFTs, we're getting closer to such a reality.
How do you think the global economy will change in the future? Will current geopolitical tensions and economic uncertainty (trade wars, rising inflation, etc) force us to such drastic changes (AI, QCs, etc)? How long do you think will it take for such changes to materialize?
Your input would be greatly appreciated. Thanks.
Most people will live off a basic salary paid by the government (otherwise known as Universal Basic Income), while AI will do all the work for us. Elon Musk held several talks about UBI, while Bill Gates predicted AI will overtake most jobs perfomed by humans in the future. Global population within 10-20 years from now will diminish due to low birth rates. We will live in a world where we won't truly own anything, as companies will have the power to decide what you will use and when to use it (like some sort of rent). With RWAs (Real World Assets) and NFTs, we're getting closer to such a reality.
How do you think the global economy will change in the future? Will current geopolitical tensions and economic uncertainty (trade wars, rising inflation, etc) force us to such drastic changes (AI, QCs, etc)? How long do you think will it take for such changes to materialize?
Your input would be greatly appreciated. Thanks.
I sometimes wonder how successful the world could be if they all worked creatively and constructively together, but it seems to be in human nature that we will always disagree on certain points. History has built up certain societies in different ways - just look at China, it became the factory of the world in part because it started opening up and adopting a more capitalist model, but it has started to close back up again in the last few years which could lead to a lot of instability within, especially with such an egotistical leader now in charge. There will always be war somewhere on the planet, if not between small or medium size neighbors having petty disputes, it'll be super powers running proxy wars or trying to create coups in different areas so they can gain an advantage - like bases in another continent or access to expensive/rare mineral resources.