Am I scared about Job Loss? AI Job Displacement Could Break Capitalism - "This Time Is Different"
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July 14, 2025
From AI with Kyle News and Updates Live Stream.
First aired: 11th July 2025
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AI threatens the foundation of capitalism by eliminating human work that drives consumer spending, creating a potential economic collapse as fewer employed people means less money circulating to buy goods and services. Unlike previous technologies that created tools requiring human operators, AI represents the first technology that can operate tools itself, replacing human cognition rather than just enhancing it. This unprecedented shift means we may need entirely new economic systems, as historian Yuval Noah Harari notes this is the first time in human history we can't predict what the world will look like in 20 years due to technological disruption.