Elon Musk predicted that money would no longer matter by 2036, describing an era where AI and robots would produce goods and services in abundance. The CEO of Tesla and SpaceX, who became the first trillionaire in history following SpaceX’s IPO, presented this reasoning during a 90-minute interview with The Economist’s editor-in-chief Zanny Minton Beddoes. He suggested that governments could simply distribute checks once abundance is achieved. Economists have criticized this prophecy, arguing that scarcity does not disappear but merely changes form: a house with a view or access to a prestigious school would remain scarce regardless. Musk has provided no concrete mechanism for the transition period, merely acknowledging that financing needs would persist « until then ».
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