Economics and AI: A Serious Proposal for a World Beyond Money

Vrilya Jarac
3 min readAug 7, 2023

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In an age where technological advancements move at a staggering pace, the complete automation of our workspaces by Artificial Intelligence and robotics is not a matter of “if,” but “when.” These machines, devoid of fatigue and human inefficiencies, will inevitably outperform us in virtually every sector. From healthcare to manufacturing, from creative fields to transportation, no job will be immune.

The Imminent Economic Crisis

Given this trajectory, a looming question emerges: How will the masses afford the plethora of goods and services these machines produce? In such a scenario, the majority would find themselves unemployed, leading to an economic paradox where high production meets minimal consumption due to the absence of purchasing power.

Universal Basic Income: A Temporary Relief

As a potential remedy, many socio-economic thinkers have put forth the idea of a Universal Basic Income (UBI). This would involve providing every individual with a fixed, no-strings-attached sum of money to ensure a basic standard of living. However, while UBI might temporarily alleviate poverty and unemployment woes, it remains a palliative measure, unable to address the foundational cracks in our economic system.

A Universal Basic Income is just a band-aid solution.

Beyond the Constraints of Currency

A more revolutionary proposition would be to transcend the age-old concept of money. The Seraphina Project dares to dream of a world free from the chains of currency, where resources, from education to healthcare, from housing to nourishment, are shared equitably among all, irrespective of one’s social or economic standing.

Human Ambition: The Double-Edged Sword

Yet, one might wonder, would such a world not dampen human ambition? After all, throughout history, the drive for monetary accumulation has often been synonymous with status and achievement. Fear not, for human competitiveness and the inherent desire for distinction need not be sacrificed.

Above: The Seraphina Project’s promising vision of a future without money.

Virtual Realms: The New Arenas of Achievement

Enter the expansive realms of Virtual Reality. The Seraphina Project envisions VR not just as an escape but as a space of boundless potential. Here, individuals can dive deep into worlds where virtual currencies act as markers of achievement. Earning, spending, and even flaunting these digital treasures can become a thrilling pursuit, reminiscent of our age-old capitalist drives.

Advanced virtual reality can become a playground for Capitalism without inducing spectacular harm upon the physical world outside.

A Dual World: Sustainable and Thriving

Such a dichotomy between the real and virtual worlds ensures a sustainable balance. The physical world can prioritize eco-conscious living, sustainable resource management, and true social equity. Simultaneously, our virtual domains can satiate our cravings for competition, innovation, and capitalist ventures, ensuring that the spirit of enterprise continues to flourish.

The Seraphina Mandate: Dream, Innovate, Transform

At its core, The Seraphina Project is not just a vision but a clarion call. A call to dream beyond the confines of traditional thinking, to innovate relentlessly, and to transform our world into a haven of shared resources and individual ambitions. As AI reshapes our socio-economic landscape, it’s time we redefine what prosperity means for humanity.

Resources

The Seraphina Project

*Disclaimer: This human curated article was written in collaboration with AI.

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Vrilya Jarac
Vrilya Jarac

Written by Vrilya Jarac

Pronounced “VRIL-EYE-AH”. Musician. Digital Artist. AI Fashion Designer. Founder— Temple of Vril, The Seraphina Project. | VRILYA.com

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