‘Is a huge population a boon or a bane?’: Nikhil Kamath asks Bill Gates. Here’s what he said

What happens when capitalism lacks rarity? This is the question that Nikhil Kamath asked Bill Gates during his last episode of Podcast, where the co -founder of Zerodha frankly asked: “In the world of tomorrow, in 10 years, from a very capitalist objective – is a huge population a baule or a scourge?”

The doors, without giving an answer yes or not, offered a radical vision of a future redefined by artificial intelligence – one where traditional capitalist frameworks may no longer apply.

“Let’s say that in 20 years, the AI ​​will have changed things enough for … this pure capitalist framework will probably not be explained,” said Gates. While the AI ​​advances through the fields of white passes and blue passes – from office work to factory floors and even to household maintenance of the hotel – he thinks that the historical rarity of work dissolves.

“We have always had a shortage – doctors, teachers, people to work in factories … These shortages will not exist,” said Gates. “It is a fairly deep change that will release a lot of time. You can retire early. You can work shorter work weeks. ”

This change, supports Gates, will oblige a “philosophical rethink” on the way in which we appreciate and spend time, in particular when basic production – food, goods, health care – does not require the same human contribution. “We will have created free intelligence,” he said, adding that even the cognitive value of a doctor could soon be equaled or overwhelmed by machines.

https://www.youtube.com/watch?v=YY7J1PSYY

He used health care as an excellent example: “India has more doctors than Africa, but not yet as much as it should. The AI ​​will come and provide a medical IQ, and there will be no shortage. ”

By reflecting on his own education in a world of perpetual shortage, Gates admitted that this abundance led by AI is still difficult to fully grasp. “The markets are rare resources … I find myself trying to understand this future world.”

That this transformation arrives in 20 or 30 years, said Gates, it is not far away. “My children – and certainly my grandchildren – a lot of their lives will be in this very changed world.”