Value Is strictly related to scarcity. Something that everybody can do or have (with or without AI btw) has no intrinsic value.
Digital goods generally speaking do have marginal cost zero.. so they do not have a real value.
Land is scarse so valuable.. (Land on Mars could help reduce this scarcity )
Food can be scarce, especially when we thrash It, because we do not want the price to fall
So an economic theory based about "more" abundant resources instead of scarcity or where the production costs are marginally zero (thanks to fusion based electricity, and drones/humanoids and AI) has to be developed..
But what about the shared vision?
"Liberte', egalite', fraternite'" ?
Yes, a new economic system will have to be devised for an era of abundance, although I think that is still quite a ways away, even with an AI-accelerated timeline. (Robots and abundant compute and unlimited energy will be severely constrained by logistics for a long time yet.) But on this point I think there is some nuance:
> Value Is strictly related to scarcity.
Value is extremely subjective. Trivial example, going for a hike in a park is effectively free and unlimited and many people enjoy it.
Monetizing that value may require scarcity though. (There are surely exceptions, but I can't think of any offhand.) To extend the example above, that's when you put a fence and an entry fee around the park.
That's why I said AI lets you create value without capital. Creating wealth out of that value is left as an exercise for the reader ;-)
