Part 4/12:
Central to McCoy’s vision is how AI will fundamentally transform economic systems. She suggests that in a post-AGI world, traditional notions of economy and currency might become obsolete. The current economic model, driven by scarcity and constant growth, may need to be reevaluated as AI begins to automate all human labor.
She predicts a transition period where existing economic structures will break down to accommodate a new paradigm—potentially culminating in a society where work and income as we know them are replaced by abundance created and managed by AI. McCoy plans to produce future content explaining how Universal Basic Income (UBI) could fit into this new landscape, addressing questions about societal preparedness and economic sustainability.